Jefferies Financial Group Reaffirms Buy Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 101 target price on the homebuilder’s stock. Jefferies Financial Group’s price target indicates a potential upside of 27.33% from the company’s previous close.

A number of other research analysts have also recently commented on TW. Deutsche Bank Aktiengesellschaft reduced their price objective on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Royal Bank Of Canada lowered Taylor Wimpey to an “outperform” rating and cut their target price for the company from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Citigroup reduced their target price on Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Berenberg Bank decreased their price target on shares of Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating for the company in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 98.

Taylor Wimpey Stock Up 4.1%

Shares of Taylor Wimpey stock opened at GBX 79.32 on Wednesday. The business’s fifty day simple moving average is GBX 81.05 and its two-hundred day simple moving average is GBX 81.03. The company has a current ratio of 4.99, a quick ratio of 0.71 and a debt-to-equity ratio of 3.06. The stock has a market cap of £2.85 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last posted its quarterly earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Equities research analysts anticipate that Taylor Wimpey will post 9.83 EPS for the current year.

About Taylor Wimpey

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.