Taylor Wimpey (LON:TW) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Taylor Wimpey plc (LON:TW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 103.39 and traded as high as GBX 116.93. Taylor Wimpey shares last traded at GBX 113.75, with a volume of 11,744,949 shares changing hands.

Analyst Upgrades and Downgrades

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

Taylor Wimpey Stock Performance

The business’s fifty day moving average price is GBX 106.72 and its 200-day moving average price is GBX 103.39. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The stock has a market capitalization of £4.09 billion, a PE ratio of 16.59, a P/E/G ratio of 2.04 and a beta of 1.81.

Insider Buying and Selling

In other news, insider Mark Castle purchased 2,267 shares of Taylor Wimpey stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of GBX 102 per share, for a total transaction of £2,312.34. Over the last ninety days, insiders have acquired 3,117 shares of company stock valued at $321,270. 0.87% of the stock is owned by company insiders.

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.