Taylor Wimpey plc (LON:TW) Receives Average Rating of “Moderate Buy” from Analysts

Taylor Wimpey plc (LON:TW) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 124.44.

Several analysts recently weighed in on TW shares. Citigroup decreased their price objective on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. Jefferies Financial Group dropped their target price on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a report on Monday, January 19th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 150 target price on shares of Taylor Wimpey in a research report on Friday, January 16th. Berenberg Bank reduced their price target on shares of Taylor Wimpey from GBX 128 to GBX 120 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Taylor Wimpey in a research report on Monday, November 24th. They issued a “neutral” rating and a GBX 109 price target for the company.

Insiders Place Their Bets

In related news, insider Jennie Daly sold 490,379 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was 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 firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total value of £333,292.93. Insiders bought a total of 870 shares of company stock worth $90,192 over the last quarter. Company insiders own 0.87% of the company’s stock.

Taylor Wimpey Stock Down 0.6%

Shares of LON:TW opened at GBX 94.30 on Wednesday. The business has a 50-day moving average price of GBX 107.60 and a 200 day moving average price of GBX 104.22. The company has a market capitalization of £3.39 billion, a PE ratio of 13.76, a P/E/G ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96.

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

Taylor Wimpey declared that its Board of Directors has initiated a share buyback plan on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the homebuilder to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is 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.