Taylor Wimpey (LON:TW) Receives Overweight Rating from JPMorgan Chase & Co.

Taylor Wimpey (LON:TW)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report released on Friday, Digital Look reports.

A number of other brokerages have also recently issued reports on TW. Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 ($1.63) price objective on shares of Taylor Wimpey in a research note on Monday, March 4th. Royal Bank of Canada raised Taylor Wimpey to an “outperform” rating and set a GBX 175 ($2.20) target price on the stock in a research note on Friday, April 12th.

Taylor Wimpey Stock Up 2.4 %

Shares of LON:TW opened at GBX 133.70 ($1.68) on Friday. The stock’s 50-day moving average price is GBX 136.49 and its 200-day moving average price is GBX 134.59. Taylor Wimpey has a 12-month low of GBX 98.92 ($1.24) and a 12-month high of GBX 150.60 ($1.89). The stock has a market capitalization of £4.73 billion, a P/E ratio of 1,337.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.77. The company has a current ratio of 5.37, a quick ratio of 0.71 and a debt-to-equity ratio of 2.80.

Insider Buying and Selling

In other news, insider Jennie Daly acquired 132,448 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost of GBX 141 ($1.77) per share, with a total value of £186,751.68 ($234,583.19). Insiders have acquired 132,658 shares of company stock valued at $18,705,276 over the last ninety days. 0.79% of the stock is owned by insiders.

About Taylor Wimpey

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.