Taylor Wimpey (LON:TW) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Taylor Wimpey (LON:TW) was downgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a GBX 150 ($1.91) target price on the homebuilder’s stock, down from their previous target price of GBX 170 ($2.17). JPMorgan Chase & Co.‘s target price would indicate a potential upside of 16.91% from the stock’s current price.

Taylor Wimpey Stock Up 0.2 %

Shares of Taylor Wimpey stock opened at GBX 128.30 ($1.64) on Thursday. The company has a 50 day simple moving average of GBX 146.53 and a two-hundred day simple moving average of GBX 152.16. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The firm has a market cap of £4.54 billion, a price-to-earnings ratio of 1,828.57, a PEG ratio of 2.04 and a beta of 1.81.

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.