Taylor Wimpey plc (LON:TW – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.17 and traded as low as GBX 78.75. Taylor Wimpey shares last traded at GBX 79.56, with a volume of 21,836,561 shares traded.
Wall Street Analysts Forecast Growth
TW has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus restated a “buy” rating and set a GBX 120 price objective on shares of Taylor Wimpey in a report on Thursday, March 5th. Bank of America lowered their price objective on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft dropped their target price on 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, Berenberg Bank decreased their price target on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 112.
Check Out Our Latest Report on Taylor Wimpey
Taylor Wimpey Stock Up 0.3%
Taylor Wimpey (LON:TW – Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. Sell-side analysts anticipate that Taylor Wimpey plc will post 9.8339265 earnings per share for the current fiscal year.
Taylor Wimpey announced that its board has approved a share repurchase program on Thursday, March 5th that permits the company to buyback 0 shares. This buyback authorization permits the homebuilder to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Taylor Wimpey
In other Taylor Wimpey news, insider Jennie Daly sold 490,379 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total transaction of £495,282.79. Also, insider Chris Carney sold 329,993 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £333,292.93. Insiders purchased a total of 230,301 shares of company stock worth $19,808,314 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.
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.
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