Goldman Sachs Group upgraded shares of Taylor Wimpey (LON:TW) to a buy rating in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on TW. Peel Hunt reaffirmed a hold rating on shares of Taylor Wimpey in a report on Monday, July 29th. Canaccord Genuity lowered their target price on Taylor Wimpey from GBX 187 ($2.44) to GBX 182 ($2.38) and set a buy rating on the stock in a report on Monday, August 5th. UBS Group lowered their target price on Taylor Wimpey from GBX 190 ($2.48) to GBX 185 ($2.42) and set a buy rating on the stock in a report on Monday, August 5th. Liberum Capital reaffirmed a hold rating on shares of Taylor Wimpey in a report on Wednesday, July 31st. Finally, Berenberg Bank reaffirmed a buy rating on shares of Taylor Wimpey in a report on Monday, August 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 189.64 ($2.48).
Shares of LON TW opened at GBX 143.95 ($1.88) on Tuesday. Taylor Wimpey has a fifty-two week low of GBX 127.80 ($1.67) and a fifty-two week high of GBX 192.70 ($2.52). The firm’s 50-day simple moving average is GBX 159.66 and its 200 day simple moving average is GBX 170.06. The company has a quick ratio of 0.44, a current ratio of 3.35 and a debt-to-equity ratio of 3.83. The stock has a market cap of $4.69 billion and a P/E ratio of 7.23.
The company also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 3.84 ($0.05) per share. This represents a yield of 2.18%. The ex-dividend date is Thursday, October 3rd. Taylor Wimpey’s payout ratio is currently 0.35%.
Taylor Wimpey Company Profile
Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds various homes, including one- and two-bedroom apartments to six-bedroom detached houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.
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