Taylor Wimpey (LON:TW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Taylor Wimpey plc (LON:TW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 103.18 and traded as high as GBX 108.30. Taylor Wimpey shares last traded at GBX 108.30, with a volume of 16,100,358 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TW. Berenberg Bank reissued a “buy” rating and set a GBX 128 price target on shares of Taylor Wimpey in a research report on Thursday, January 15th. The Goldman Sachs Group started coverage on Taylor Wimpey in a report on Monday, November 24th. They set a “neutral” rating and a GBX 109 target price for the company. Citigroup cut their price target on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a report on Friday, January 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 150 price target on shares of Taylor Wimpey in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 126.

Taylor Wimpey Stock Up 1.2%

The firm’s 50 day moving average price is GBX 104.85 and its two-hundred day moving average price is GBX 103.18. The firm has a market capitalization of £3.94 billion, a PE ratio of 15.98, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79.

Insiders Place Their Bets

In other Taylor Wimpey news, insider Mark Castle bought 2,267 shares of the stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of GBX 102 per share, for a total transaction of £2,312.34. Over the last three months, insiders have bought 3,124 shares of company stock valued at $321,174. 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.