Taylor Wimpey plc (LON:TW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Taylor Wimpey plc (LON:TW) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 124.44.

TW has been the topic of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th. Berenberg Bank cut their price objective on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group reduced their price objective on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a research report on Monday, January 19th. JPMorgan Chase & Co. decreased their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 150 target price on shares of Taylor Wimpey in a research report on Friday, January 16th.

Taylor Wimpey Trading Up 1.2%

Shares of Taylor Wimpey stock opened at GBX 88.62 on Wednesday. The stock has a market capitalization of £3.19 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96. The stock has a 50-day moving average price of GBX 105.92 and a 200-day moving average price of GBX 104.09.

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 net margin of 2.61% and a return on equity of 2.40%. On average, sell-side analysts predict that Taylor Wimpey will post 9.8339265 earnings per share for the current year.

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

Insider Transactions at Taylor Wimpey

In other Taylor Wimpey news, insider Jennie Daly sold 490,379 shares of the stock in a transaction on Thursday, March 5th. The shares were 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 stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total transaction of £333,292.93. In the last three months, insiders bought 870 shares of company stock valued at $90,192. 0.87% of the stock is currently owned by corporate 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.