Taylor Wimpey plc (LON:TW) Receives Average Recommendation of “Hold” from Analysts

Shares of Taylor Wimpey plc (LON:TWGet Free Report) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 109.

Several brokerages have weighed in on TW. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Bank of America lowered their target price on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group lowered their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research note on Tuesday, June 16th.

Get Our Latest Stock Analysis on Taylor Wimpey

Insiders Place Their Bets

In related news, insider Mark Castle bought 1,999 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of GBX 75 per share, with a total value of £1,499.25. Insiders have bought a total of 2,746 shares of company stock worth $209,936 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Taylor Wimpey Trading Down 1.3%

Taylor Wimpey stock opened at GBX 80.68 on Friday. The firm has a market capitalization of £2.90 billion, a PE ratio of 11.77, a P/E/G ratio of 2.04 and a beta of 1.31. The stock’s 50-day moving average price is GBX 79.80 and its 200-day moving average price is GBX 94.08. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96.

Taylor Wimpey declared that its Board of Directors has authorized a stock buyback program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Taylor Wimpey Company Profile

(Get Free Report)

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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Analyst Recommendations for Taylor Wimpey (LON:TW)

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