Brokerages Set Taylor Wimpey plc (LON:TW) PT at GBX 114.60

Taylor Wimpey plc (LON:TW) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 112.

TW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th. Bank of America cut their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. Jefferies Financial Group cut their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. 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 TW stock opened at GBX 81.52 on Thursday. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The company has a 50 day moving average price of GBX 89.72 and a two-hundred day moving average price of GBX 100.36. The firm has a market capitalization of £2.93 billion, a PE ratio of 11.89, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last posted its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. As a group, equities research analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current fiscal year.

Taylor Wimpey announced that its board has authorized a stock repurchase plan on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the homebuilder to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Taylor Wimpey

In related news, insider Jennie Daly purchased 139,270 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were acquired at an average price of GBX 86 per share, for a total transaction of £119,772.20. Also, insider Chris Carney purchased 90,361 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was bought at an average price of GBX 86 per share, for a total transaction of £77,710.46. In the last quarter, insiders purchased 230,301 shares of company stock worth $19,808,314. 0.87% of the stock is currently owned by company 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.