Taylor Wimpey (LON:TW) Insider Acquires £1,499.25 in Stock

Taylor Wimpey plc (LON:TW) insider Mark Castle bought 1,999 shares of the firm’s stock in a transaction that occurred 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.

Taylor Wimpey Trading Up 0.9%

TW traded up GBX 0.70 on Monday, reaching GBX 74.80. The company had a trading volume of 40,306,779 shares, compared to its average volume of 2,409,451. The firm has a 50 day moving average of GBX 81.17 and a two-hundred day moving average of GBX 95.95. The stock has a market cap of £2.69 billion, a P/E ratio of 10.91, a P/E/G ratio of 2.04 and a beta of 1.31. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71.

Taylor Wimpey announced that its board has approved a share repurchase plan 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. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Jefferies Financial Group reduced their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research report on Monday, May 11th. Berenberg Bank reduced their price target on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Taylor Wimpey presently has an average rating of “Moderate Buy” and an average target price of GBX 112.

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.