Taylor Wimpey (LON:TW) Releases Quarterly Earnings Results

Taylor Wimpey (LON:TW) posted its quarterly earnings results on Friday. The homebuilder reported GBX 2.50 earnings per share for the quarter, Digital Look Earnings reports. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%.

Taylor Wimpey Price Performance

Shares of LON TW opened at GBX 78 on Friday. The stock has a market capitalization of £2.80 billion, a P/E ratio of 11.38, a PEG ratio of 2.04 and a beta of 1.30. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96. The firm has a 50-day simple moving average of GBX 79.78 and a 200-day simple moving average of GBX 90.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their target price on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Berenberg Bank cut their price target on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their price objective 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 on the stock in a research report on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Taylor Wimpey has an average rating of “Hold” and an average target price of GBX 109.

Insider Activity

In related news, insider Mark Castle bought 1,999 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of GBX 75 per share, for a total transaction of £1,499.25. In the last three months, insiders purchased 3,140 shares of company stock worth $239,880. Insiders own 0.87% of the company’s stock.

Taylor Wimpey Company Profile

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.