Taylor Wimpey (LON:TW) Stock Crosses Above Two Hundred Day Moving Average of $148.64

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Taylor Wimpey plc (LON:TW)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 148.64 ($1.94) and traded as high as GBX 181.13 ($2.37). Taylor Wimpey shares last traded at GBX 179.60 ($2.35), with a volume of 20,946,807 shares trading hands.

TW has been the topic of several analyst reports. UBS Group lifted their target price on shares of Taylor Wimpey from GBX 210 ($2.74) to GBX 215 ($2.81) and gave the company a “buy” rating in a report on Thursday, March 18th. Jefferies Financial Group upgraded shares of Taylor Wimpey to a “buy” rating and set a GBX 203 ($2.65) price objective for the company in a research note on Monday, February 8th. Canaccord Genuity raised their price objective on shares of Taylor Wimpey from GBX 190 ($2.48) to GBX 193 ($2.52) and gave the company a “buy” rating in a research note on Wednesday, March 3rd. Finally, Berenberg Bank raised their price objective on shares of Taylor Wimpey from GBX 180 ($2.35) to GBX 210 ($2.74) and gave the company a “buy” rating in a research note on Monday, March 22nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Taylor Wimpey presently has a consensus rating of “Buy” and an average price target of GBX 177.92 ($2.32).

The business’s fifty day moving average is GBX 183.91 and its 200-day moving average is GBX 148.64. The stock has a market capitalization of £6.33 billion and a PE ratio of 28.97. The company has a quick ratio of 1.00, a current ratio of 5.49 and a debt-to-equity ratio of 3.28.

The business also recently announced a dividend, which will be paid on Friday, May 14th. Investors of record on Thursday, April 1st will be issued a GBX 4.14 ($0.05) dividend. The ex-dividend date is Thursday, April 1st. This represents a yield of 2.49%. Taylor Wimpey’s payout ratio is 64.52%.

In related news, insider Pete Redfern sold 95,643 shares of the business’s stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of GBX 179 ($2.34), for a total value of £171,200.97 ($223,675.16). Over the last 90 days, insiders purchased 261 shares of company stock valued at $44,994.

Taylor Wimpey Company Profile (LON:TW)

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

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