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

Taylor Wimpey plc (LON:TW) insider Mark Castle bought 1,999 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of GBX 75 per share, with a total value of £1,499.25.

Taylor Wimpey Stock Up 0.9%

TW stock traded up GBX 0.70 during trading on Monday, hitting GBX 74.80. 40,306,779 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96. The firm’s 50 day moving average price is GBX 81.17 and its two-hundred day moving average price is GBX 95.95. The stock has a market cap of £2.69 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31.

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

Analysts Set New Price Targets

Several research firms have recently commented on TW. Stifel Nicolaus restated a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Jefferies Financial Group lowered 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. Bank of America lowered 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. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Berenberg Bank lowered 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.