Taylor Wimpey (LON:TW) Price Target Cut to GBX 189 by Analysts at Deutsche Bank Aktiengesellschaft

Taylor Wimpey (LON:TW) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 200 ($2.71) to GBX 189 ($2.57) in a research note issued to investors on Friday, Analyst Ratings Network reports. The brokerage currently has a buy rating on the homebuilder’s stock.

Other analysts also recently issued reports about the company. Peel Hunt restated an add rating and set a GBX 195 ($2.65) price objective on shares of Taylor Wimpey in a research report on Wednesday, December 8th. Liberum Capital restated a buy rating and set a GBX 215 ($2.92) price objective on shares of Taylor Wimpey in a research report on Thursday, December 16th. Barclays dropped their price objective on Taylor Wimpey from GBX 205 ($2.78) to GBX 195 ($2.65) and set an overweight rating for the company in a research report on Monday, December 6th. Peel Hunt restated an add rating and set a GBX 195 ($2.65) price objective on shares of Taylor Wimpey in a research report on Thursday, November 11th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 210 ($2.85) target price on shares of Taylor Wimpey in a research report on Monday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of GBX 201.11 ($2.73).

Shares of TW stock opened at GBX 153.95 ($2.09) on Friday. The company has a current ratio of 5.31, a quick ratio of 1.03 and a debt-to-equity ratio of 3.11. Taylor Wimpey has a twelve month low of GBX 145.25 ($1.97) and a twelve month high of GBX 213.92 ($2.90). The company has a market cap of £5.62 billion and a P/E ratio of 11.98. The stock’s fifty day simple moving average is GBX 164.83.

In related news, insider Scilla Grimble acquired 15,000 shares of the stock in a transaction dated Wednesday, December 22nd. The stock was bought at an average cost of GBX 171 ($2.32) per share, for a total transaction of £25,650 ($34,817.43).

About Taylor Wimpey

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

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Analyst Recommendations for Taylor Wimpey (LON:TW)

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