Taylor Wimpey plc (LON:TW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Taylor Wimpey plc (LON:TW) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 112.

Several analysts have recently commented on the company. Berenberg Bank lowered their price objective on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 price objective on shares of Taylor Wimpey in a research note on Thursday, March 5th. JPMorgan Chase & Co. lowered their price objective on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. 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 note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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.

Taylor Wimpey Stock Up 0.2%

Shares of Taylor Wimpey stock opened at GBX 77.38 on Monday. The stock has a market capitalization of £2.78 billion, a P/E ratio of 11.29, a PEG ratio of 2.04 and a beta of 1.30. The business has a 50 day moving average of GBX 82.38 and a 200 day moving average of GBX 96.82. 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 (LON:TW) last issued its quarterly earnings data on Thursday, March 5th. The homebuilder reported GBX 8 EPS for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. As a group, research analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current year.

Taylor Wimpey announced that its Board of Directors has approved a share buyback plan on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the homebuilder to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Taylor Wimpey news, insider Chris Carney purchased 90,361 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was bought at an average cost of GBX 86 per share, with a total value of £77,710.46. Also, insider Jennie Daly purchased 139,270 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were acquired at an average cost of GBX 86 per share, with a total value of £119,772.20. Insiders have purchased 230,301 shares of company stock valued at $19,808,314 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

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.