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

Taylor Wimpey plc (LON:TW) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 112.

A number of equities analysts have weighed in on TW shares. Deutsche Bank Aktiengesellschaft lowered their price target on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group lowered their price target on 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 reaffirmed a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a research report on Thursday, March 5th. Finally, Bank of America decreased their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research report on Monday, March 30th.

Taylor Wimpey Stock Performance

LON:TW opened at GBX 79.78 on Monday. 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 firm has a 50-day moving average of GBX 83.64 and a 200-day moving average of GBX 97.70. The firm has a market capitalization of £2.87 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last released 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 analysts predict that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Taylor Wimpey

In other Taylor Wimpey news, insider Chris Carney bought 90,361 shares of the business’s stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of GBX 86 per share, for a total transaction of £77,710.46. Also, insider Jennie Daly bought 139,270 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were acquired at an average price of GBX 86 per share, with a total value of £119,772.20. Insiders have acquired 230,301 shares of company stock valued at $19,808,314 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.