Insider Buying: Taylor Wimpey (LON:TW) Insider Purchases 196 Shares of Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney bought 196 shares of the business’s stock in a transaction on Monday, June 8th. The shares were acquired at an average price of GBX 77 per share, for a total transaction of £150.92.

Chris Carney also recently made the following trade(s):

• On Friday, May 8th, Chris Carney bought 178 shares of Taylor Wimpey stock. The shares were bought at an average price of GBX 84 per share, for a total transaction of £149.52.
• On Wednesday, March 25th, Chris Carney bought 90,361 shares of Taylor Wimpey stock. The shares were bought at an average price of GBX 86 per share, for a total transaction of £77,710.46.

Taylor Wimpey Trading Down 2.7%

TW traded down GBX 2.08 on Tuesday, hitting GBX 75.30. 13,887,727 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The firm has a 50 day simple moving average of GBX 82.14 and a 200 day simple moving average of GBX 96.62. The company has a market capitalization of £2.71 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

Taylor Wimpey declared that its board has authorized a stock buyback plan on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TW. Berenberg Bank cut their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Bank of America reduced their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group cut their price target on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 112.

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.