Taylor Wimpey (LON:TW) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Taylor Wimpey (LON:TW) in a report released on Thursday, MarketBeat reports. They currently have a GBX 150 ($1.93) price target on the homebuilder’s stock.

A number of other analysts have also issued reports on the company. Royal Bank of Canada raised Taylor Wimpey to an outperform rating and set a GBX 175 ($2.25) target price on the stock in a research report on Friday, April 12th. Berenberg Bank reaffirmed a buy rating and set a GBX 175 ($2.25) target price on shares of Taylor Wimpey in a research report on Wednesday.

Taylor Wimpey Stock Up 0.1 %

Shares of LON TW opened at GBX 159.45 ($2.05) on Thursday. Taylor Wimpey has a 1 year low of GBX 98.92 ($1.27) and a 1 year high of GBX 150.75 ($1.94). The firm has a market cap of £5.64 billion, a price-to-earnings ratio of 1,594.50, a PEG ratio of 2.12 and a beta of 1.76. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.71 and a current ratio of 5.37. The stock’s 50-day simple moving average is GBX 150.15 and its 200-day simple moving average is GBX 143.76.

Taylor Wimpey Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be issued a GBX 4.80 ($0.06) dividend. This is a positive change from Taylor Wimpey’s previous dividend of $4.79. This represents a yield of 3.03%. The ex-dividend date is Thursday, October 10th. Taylor Wimpey’s payout ratio is currently 10,000.00%.

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.