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

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 175 ($2.22) price objective on the homebuilder’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 54.39% from the stock’s previous close.

Separately, JPMorgan Chase & Co. lowered shares of Taylor Wimpey to a “neutral” rating and dropped their price target for the company from GBX 170 ($2.16) to GBX 150 ($1.91) in a research note on Thursday, December 5th.

Taylor Wimpey Stock Performance

Shares of LON:TW traded up GBX 1.40 ($0.02) during trading hours on Monday, hitting GBX 113.35 ($1.44). The stock had a trading volume of 288,514,949 shares, compared to its average volume of 2,409,451. The firm has a fifty day moving average price of GBX 116.85 and a two-hundred day moving average price of GBX 138.36. The firm has a market capitalization of £4.07 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71.

Taylor Wimpey (LON:TW) last announced its quarterly earnings results on Thursday, February 27th. The homebuilder reported GBX 8.40 ($0.11) EPS for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. As a group, research analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current year.

Insider Activity at Taylor Wimpey

In related news, insider Jennie Daly acquired 44,679 shares of Taylor Wimpey stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of GBX 112 ($1.42) per share, with a total value of £50,040.48 ($63,591.92). Insiders have purchased 44,929 shares of company stock worth $5,034,053 over the last quarter. 0.87% of the stock is currently owned by company insiders.

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.