Taylor Wimpey (LON:TW) Insider Jennie Daly Buys 195 Shares

Taylor Wimpey plc (LON:TW – Get Free Report) insider Jennie Daly purchased 195 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of GBX 77 per share, for a total transaction of £150.15.

Jennie Daly also recently made the following trade(s):

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• On Friday, May 8th, Jennie Daly purchased 178 shares of Taylor Wimpey stock. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £149.52.
• On Wednesday, March 25th, Jennie Daly purchased 139,270 shares of Taylor Wimpey stock. The shares were acquired at an average price of GBX 86 per share, for a total transaction of £119,772.20.

Taylor Wimpey Stock Performance

Shares of Taylor Wimpey stock traded down GBX 2.08 during midday trading on Tuesday, reaching GBX 75.30. 13,887,727 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The stock has a market capitalization of £2.71 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The firm has a 50 day moving average of GBX 82.14 and a 200 day moving average of GBX 96.62. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96.

Taylor Wimpey declared that its board has authorized a share repurchase plan on Thursday, March 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the homebuilder to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on TW shares. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Bank of America dropped their target price on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. JPMorgan Chase & Co. dropped their target price on shares of Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a report on Monday, May 11th. Finally, Jefferies Financial Group dropped their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 112.

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Taylor Wimpey Company Profile

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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.

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