Taylor Wimpey’s (TW) Buy Rating Reiterated at Jefferies Financial Group

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 101 target price on the homebuilder’s stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 22.57% from the stock’s previous close.

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

Taylor Wimpey Stock Performance

Shares of TW stock opened at GBX 82.40 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 4.99 and a debt-to-equity ratio of 3.06. The company has a fifty day moving average of GBX 80.33 and a 200 day moving average of GBX 86.47. The company has a market capitalization of £2.96 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey Company Profile

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.