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Investing.com - Barclays (LON:BARC) downgraded Taylor Wimpey Plc. (LSE:LON:TW) (OTC:TWODF) from Equalweight to Underweight on Wednesday, while reducing its price target to GBP1.10 from GBP1.40 following the homebuilder’s interim results.
The investment bank cited several disappointing factors in Taylor Wimpey’s recent performance, including a new fire safety provision announcement, softer trading in July, and a £20 million exceptional charge for 2025 that resulted in a 5% cut to profit before tax guidance.
Barclays expressed concern that planning delays are likely to remain an issue for the remainder of the year, with additional risk to growth from capital allocation constraints.
As a result of these factors, Barclays cut its adjusted profit before tax forecasts for Taylor Wimpey by 5% for 2025, 5% for 2026, and 7% for 2027.
The revised estimates now stand 2%, 4%, and 14% below Bloomberg consensus for the respective years, reflecting a more cautious outlook on the British homebuilder’s near-term prospects.
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