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

JPMorgan Chase & Co. downgraded shares of Taylor Wimpey (LON:TW - Free Report) to a neutral rating in a report published on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has GBX 150 ($1.91) target price on the homebuilder's stock, down from their prior target price of GBX 170 ($2.16).

Taylor Wimpey Trading Up 1.2 %

TW stock traded up GBX 1.50 ($0.02) during mid-day trading on Thursday, reaching GBX 129.40 ($1.64). The company's stock had a trading volume of 14,408,367 shares, compared to its average volume of 2,409,451. The company has a market capitalization of £4.58 billion, a P/E ratio of 1,848.57, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08. The business's 50 day moving average price is GBX 147.92 and its 200 day moving average price is GBX 152.47.

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.