Taylor Wimpey plc (LON:TW) Given Consensus Recommendation of “Hold” by Analysts

Taylor Wimpey plc (LON:TW) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 109.

A number of equities analysts have issued reports on TW shares. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a research note on Thursday, March 5th. JPMorgan Chase & Co. decreased their target price on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research report on Tuesday, June 16th. Jefferies Financial Group decreased their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Bank of America reduced their price objective on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research note on Monday, May 11th.

Taylor Wimpey Stock Up 5.4%

Shares of TW opened at GBX 82.90 on Friday. The firm has a 50-day moving average of GBX 79.90 and a 200-day moving average of GBX 94.46. The company has a market cap of £2.98 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.04 and a beta of 1.31. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96.

Taylor Wimpey declared that its board has approved a stock buyback plan on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Mark Castle purchased 1,999 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of GBX 75 per share, with a total value of £1,499.25. Over the last ninety days, insiders purchased 2,746 shares of company stock valued at $209,936. 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.