Taylor Wimpey (LON:TW) Upgraded to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Taylor Wimpey (LON:TW) to an outperform rating in a report released on Friday, MarketBeat Ratings reports. They currently have GBX 175 ($2.21) price objective on the homebuilder’s stock.

Separately, Berenberg Bank reissued a hold rating and issued a GBX 130 ($1.65) price objective on shares of Taylor Wimpey in a research report on Monday, March 4th.

Taylor Wimpey Stock Performance

Shares of TW stock opened at GBX 134.60 ($1.70) on Friday. The company’s fifty day simple moving average is GBX 140.25 and its 200-day simple moving average is GBX 132.96. The company has a quick ratio of 0.71, a current ratio of 5.37 and a debt-to-equity ratio of 2.80. The firm has a market cap of £4.76 billion, a PE ratio of 1,302.50, a P/E/G ratio of 1.92 and a beta of 1.77. Taylor Wimpey has a 12 month low of GBX 98.92 ($1.25) and a 12 month high of GBX 150.60 ($1.91).

Taylor Wimpey Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be given a dividend of GBX 4.79 ($0.06) per share. This represents a yield of 3.41%. The ex-dividend date of this dividend is Thursday, March 28th. Taylor Wimpey’s dividend payout ratio (DPR) is currently 10,000.00%.

Insiders Place Their Bets

In other news, insider Jennie Daly purchased 132,448 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of GBX 141 ($1.78) per share, with a total value of £186,751.68 ($236,364.61). Over the last three months, insiders have bought 132,658 shares of company stock valued at $18,705,276. 0.79% of the stock is currently owned by corporate 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.