Taylor Wimpey plc (LON:TW) Receives GBX 124.44 Consensus PT from Analysts

Shares of Taylor Wimpey plc (LON:TW) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 124.44.

Several brokerages have recently weighed in on TW. Berenberg Bank decreased their target price on shares of Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Citigroup dropped their price target on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research report on Friday, January 16th. Jefferies Financial Group cut their price target on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research note on Monday, January 19th. 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 price objective on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 150 target price on shares of Taylor Wimpey in a report on Friday, January 16th.

Insider Transactions at Taylor Wimpey

In related news, insider Jennie Daly sold 490,379 shares of Taylor Wimpey stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total transaction of £495,282.79. Also, insider Chris Carney sold 329,993 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total transaction of £333,292.93. Insiders have purchased a total of 870 shares of company stock valued at $90,192 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Taylor Wimpey Price Performance

Shares of TW stock opened at GBX 87.60 on Wednesday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96. The business has a 50 day moving average price of GBX 106.77 and a two-hundred day moving average price of GBX 104.07. The company has a market capitalization of £3.15 billion, a PE ratio of 12.78, a P/E/G ratio of 2.04 and a beta of 1.35.

Taylor Wimpey (LON:TW) last announced its quarterly earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. Equities research analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current year.

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

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.