Taylor Wimpey (LON:TW) Announces Quarterly Earnings Results

Taylor Wimpey (LON:TW) released its quarterly earnings results on Friday. The homebuilder reported GBX 2.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Taylor Wimpey had a return on equity of 5.99% and a net margin of 6.43%.

Taylor Wimpey Stock Performance

Shares of Taylor Wimpey stock opened at GBX 78 on Friday. The business has a fifty day moving average price of GBX 79.78 and a two-hundred day moving average price of GBX 90.36. The company has a market cap of £2.80 billion, a P/E ratio of 11.38, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.99 and a quick ratio of 0.71.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group decreased their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Berenberg Bank decreased their target price on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 109.

Insider Buying and Selling at Taylor Wimpey

In other Taylor Wimpey news, insider Mark Castle bought 1,999 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of GBX 75 per share, for a total transaction of £1,499.25. Insiders bought a total of 3,140 shares of company stock valued at $239,880 over the last three months. 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.