Taylor Wimpey (LON:TW) Issues Earnings Results

Taylor Wimpey (LON:TW) released its earnings results on Thursday. The homebuilder reported GBX 8 earnings per share for the quarter, Digital Look Earnings reports. Taylor Wimpey had a return on equity of 1.97% and a net margin of 2.40%.

Taylor Wimpey Trading Down 2.6%

LON TW traded down GBX 2.75 during trading hours on Thursday, hitting GBX 101.90. 36,380,893 shares of the company’s stock were exchanged, compared to its average volume of 2,409,451. The firm has a fifty day moving average of GBX 109.18 and a 200-day moving average of GBX 104.33. The stock has a market cap of £3.66 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.36. The company has a current ratio of 4.58, a quick ratio of 0.71 and a debt-to-equity ratio of 2.94.

Insider Transactions at Taylor Wimpey

In other Taylor Wimpey news, insider Mark Castle purchased 2,267 shares of the business’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of GBX 102 per share, for a total transaction of £2,312.34. Insiders purchased 3,117 shares of company stock valued at $321,270 over the last quarter. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday. Citigroup cut their target price on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group started coverage on shares of Taylor Wimpey in a report on Monday, November 24th. They set a “neutral” rating and a GBX 109 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 150 price target on shares of Taylor Wimpey in a report on Friday, January 16th. Finally, Jefferies Financial Group cut their price objective on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research report on Monday, January 19th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 125.33.

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.