Taylor Wimpey (LON:TW) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Taylor Wimpey plc (LON:TW) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.17 and traded as low as GBX 78.75. Taylor Wimpey shares last traded at GBX 79.56, with a volume of 21,836,561 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 120 price objective on shares of Taylor Wimpey in a research note on Thursday, March 5th. Jefferies Financial Group lowered their target price on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Berenberg Bank lowered their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Bank of America decreased their price objective on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Five equities research 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 has an average rating of “Moderate Buy” and an average price target of GBX 112.

Taylor Wimpey Stock Performance

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 market capitalization of £2.87 billion, a PE ratio of 11.64, a PEG ratio of 2.04 and a beta of 1.30. The stock’s 50 day moving average price is GBX 84.47 and its two-hundred day moving average price is GBX 98.17.

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%. On average, equities analysts expect that Taylor Wimpey plc will post 9.8339265 earnings per share for the current year.

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

Insiders Place Their Bets

In related news, insider Chris Carney acquired 90,361 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were acquired at an average price of GBX 86 per share, with a total value of £77,710.46. Also, insider Jennie Daly acquired 139,270 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were bought at an average price of GBX 86 per share, with a total value of £119,772.20. In the last ninety days, insiders have purchased 230,301 shares of company stock worth $19,808,314. 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.