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

Shares of Taylor Wimpey plc (LON:TW) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 109.

TW has been the topic of several recent research reports. Jefferies Financial Group cut their price objective on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a research report on Thursday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Bank of America dropped their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Berenberg Bank cut their price target on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Taylor Wimpey Price Performance

Shares of Taylor Wimpey stock opened at GBX 79.88 on Friday. The firm has a market cap of £2.87 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. The firm’s 50-day moving average price is GBX 79.56 and its 200-day moving average price is GBX 93.80. 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 announced that its Board of Directors has initiated a share buyback program on Thursday, March 5th that allows the company to repurchase 0 shares. This repurchase authorization allows the homebuilder to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Mark Castle bought 1,999 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of GBX 75 per share, for a total transaction of £1,499.25. Insiders have acquired 2,746 shares of company stock worth $209,936 over the last 90 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.