Taylor Wimpey (LON:TW) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Taylor Wimpey plc (LON:TW)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 96.62 and traded as low as GBX 77. Taylor Wimpey shares last traded at GBX 77.38, with a volume of 12,979,124 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TW. JPMorgan Chase & Co. decreased their target price on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Berenberg Bank decreased their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Bank of America decreased their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a report on Monday, May 11th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 112.

Taylor Wimpey Trading Down 2.7%

The firm has a market cap of £2.71 billion, a PE ratio of 10.98, a P/E/G ratio of 2.04 and a beta of 1.30. 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 business has a fifty day moving average price of GBX 82.14 and a 200 day moving average price of GBX 96.62.

Taylor Wimpey announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other Taylor Wimpey news, insider Chris Carney bought 90,361 shares of the business’s stock in a transaction dated 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 bought 139,270 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average cost of GBX 86 per share, for a total transaction of £119,772.20. Insiders have bought a total of 229,987 shares of company stock worth $19,778,170 in the last three months. 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.