Taylor Wimpey (LON:TW) Price Target Lowered to GBX 170 at JPMorgan Chase & Co.

Taylor Wimpey (LON:TWGet Rating) had its price objective decreased by JPMorgan Chase & Co. from GBX 180 ($2.17) to GBX 170 ($2.05) in a research note released on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the homebuilder’s stock.

Several other brokerages have also weighed in on TW. Deutsche Bank Aktiengesellschaft reissued a buy rating and set a GBX 189 ($2.28) price objective on shares of Taylor Wimpey in a report on Thursday, August 4th. Berenberg Bank downgraded shares of Taylor Wimpey to a hold rating and reduced their price target for the stock from GBX 220 ($2.66) to GBX 122 ($1.47) in a research report on Monday, September 12th. Finally, Liberum Capital restated a buy rating and issued a GBX 165 ($1.99) price target on shares of Taylor Wimpey in a research report on Wednesday, May 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of GBX 177.63 ($2.15).

Taylor Wimpey Price Performance

Shares of TW stock opened at GBX 106.95 ($1.29) on Wednesday. The firm has a market cap of £3.78 billion and a P/E ratio of 644.06. The company has a debt-to-equity ratio of 2.66, a current ratio of 4.80 and a quick ratio of 0.71. Taylor Wimpey has a 1-year low of GBX 101.75 ($1.23) and a 1-year high of GBX 179.70 ($2.17). The firm has a fifty day moving average of GBX 116.38 and a two-hundred day moving average of GBX 124.01.

Taylor Wimpey Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, October 13th will be given a dividend of GBX 4.62 ($0.06) per share. This represents a dividend yield of 3.85%. This is an increase from Taylor Wimpey’s previous dividend of $4.44. The ex-dividend date is Thursday, October 13th. Taylor Wimpey’s payout ratio is 5,625.00%.

Insiders Place Their Bets

In other Taylor Wimpey news, insider Mark Castle acquired 39,936 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of GBX 125 ($1.51) per share, with a total value of £49,920 ($60,318.99). In other Taylor Wimpey news, insider Clodagh Moriarty acquired 25,025 shares of the stock in a transaction dated Wednesday, June 29th. The shares were bought at an average price of GBX 119 ($1.44) per share, with a total value of £29,779.75 ($35,983.26). Also, insider Mark Castle acquired 39,936 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of GBX 125 ($1.51) per share, for a total transaction of £49,920 ($60,318.99). In the last three months, insiders have purchased 65,224 shares of company stock worth $8,000,068.

Taylor Wimpey Company Profile

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

Further Reading

Analyst Recommendations for Taylor Wimpey (LON:TW)

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