According to a report by Bloomberg, analysts at Berenberg Bank cut their recommendation for Taylor Wimpey (LON: TW) to “hold” status in a research note given to investors on Monday. The price target of GBX 122 ($1.47) that they currently have on the homebuilder’s shares is lower than the price objective of GBX 220 ($2.66) that they had previously. The price goal that Berenberg Bank established indicates that there is room for the stock to potentially grow by 12.60% from its current price. Recent events have resulted in several additional research analysts providing their perspectives on the company in question.
In addition, Taylor Wimpey shares currently have a consensus price objective of GBX 165 ($1.99). Liberum Capital has reiterated its “buy” rating on the stock in a research report that was issued on May 25, and the target price for Taylor Wimpey shares is currently $1.99. The research report about Taylor Wimpey, published on Thursday, August 4, by Deutsche Bank Aktiengesellschaft, reiterated a “buy” rating on the company’s shares. It established the company’s price objective of GBX 189 ($2.28). In a research note released on Thursday, August 4, JPMorgan Chase & Co. reissued an “overweight” rating on the shares of Taylor Wimpey and set a GBX 180 ($2.17) price objective on the company’s common stock. As opposed to the seven financial experts who have recommended purchasing the firm’s shares, only one of the financial experts covering the company has advocated keeping the stock in one’s portfolio.
The current average rating for Taylor Wimpey is “Moderate Buy,” and the website notes that the average price goal for the business is GBX 178.88 ($2.16). TW stock was initially traded on Monday at a GBX 108.35, similar to $1.31 in American currency. The firm now has a moving average of GBX 117.73 for the last 50 days, while its moving average for the last 200 days is GBX 125.78. For the next twelve months, Taylor Wimpey has set a pricing goal range from GBX 101.75 ($1.23) to GBX 179.75 ($2.17). The firm’s debt-to-equity ratio stands at 2.66, its current ratio comes in at 4.80, and its quick ratio sits at 0.71. The percentage representation of each of these ratios is provided below. The company’s market capitalization is estimated to be 3.83 billion pounds, and its price-to-earnings ratio stands at 677.19 at present. On Wednesday, June 22, corporate insider Jennie Daly purchased 21,509 shares of the company’s stock.
This information is relevant to the previously discussed news regarding Taylor Wimpey. The stock was purchased for a total cost of £24,735.35 (comparable to $29,888.05), which was determined based on an average price of GBX 115 ($1.39) per share. In related news relating to this topic, on June 22, company insider Jennie Daly completed a transaction in which she bought 21,509 shares of the firm’s stock. It costs £24,735.35 ($29,888.05) to purchase the shares, which works out to an average of GBX 115 ($1.39) per share. In other events, an insider at the business, Mark Castle, purchased 39,936 Taylor Wimpey stock on August 4. It was decided that the price per share should be GBX 125 ($1.51), which led to the purchase of a total of £49,920 worth of shares (equivalent to $60,318.99 in American currency).
Firm insiders were responsible for the purchase of 86,733 shares of stock at a total cost of $10,473,603 over the three months before the most recent reporting period. House construction is one of the areas in which Taylor Wimpey plc operates, both in the United Kingdom and Spain.
It establishes communities and furnishes residences, ranging from apartments to multi-family housing, with anywhere from one to six bedrooms. These homes can be one-bedroom or six-bedroom homes. High Wycombe, found in the United Kingdom, is where Taylor Wimpey plc’s headquarters can be found. The company was established in 1880 and has been in business ever since.