Taylor Wimpey (LON:TW) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Taylor Wimpey plc (LON:TW) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 103.39 and traded as low as GBX 83.27. Taylor Wimpey shares last traded at GBX 84.56, with a volume of 0 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TW shares. Berenberg Bank dropped their target price on Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 150 target price on shares of Taylor Wimpey in a report on Friday, January 16th. Bank of America dropped their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, Citigroup dropped their target price on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 121.

Taylor Wimpey Stock Performance

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 firm’s 50 day moving average is GBX 101.54 and its 200-day moving average is GBX 103.15. The firm has a market cap of £2.98 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40.

Taylor Wimpey (LON:TW) last released its quarterly earnings data on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. Sell-side analysts anticipate that Taylor Wimpey plc will post 9.8339265 earnings per share for the current fiscal year.

Taylor Wimpey declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the homebuilder to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Taylor Wimpey

In other Taylor Wimpey news, insider Chris Carney sold 329,993 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total transaction of £333,292.93. Also, insider Jennie Daly sold 490,379 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total value of £495,282.79. In the last quarter, insiders have acquired 230,501 shares of company stock worth $19,838,458. Corporate 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.