Taylor Wimpey (LON:TW) Shares Break Below 50 Day Moving Average – What’s Next?

Shares of Taylor Wimpey plc (LON:TW) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 80.19 and traded as low as GBX 77.72. Taylor Wimpey shares last traded at GBX 78.70, with a volume of 64,612,446 shares.

Trending Headlines about Taylor Wimpey

Here are a few of the latest headlines about TW:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 95 target, while Jefferies also maintained a “buy” rating and GBX 101 target. Berenberg rating
• Neutral Sentiment: RBC kept its “outperform” rating but cut its price target, signaling continued analyst confidence tempered by lower expectations. RBC rating and target
• Neutral Sentiment: Insiders Jennie Daly and Chris Carney each reportedly bought 181 shares. The purchases may indicate some confidence, though their small size limits their significance. Insider purchase report

Analysts Set New Price Targets

TW has been the topic of a number of research reports. Citigroup cut their target price on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 95 target price on shares of Taylor Wimpey in a research note on Thursday. Royal Bank Of Canada cut shares of Taylor Wimpey to an “outperform” rating and lowered their price target for the stock from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 101 price target on shares of Taylor Wimpey in a research note on Wednesday. Finally, Deutsche Bank dropped their price target on shares of Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating for the company in a research note on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 98.

Taylor Wimpey Stock Down 0.7%

The firm has a market capitalization of £2.81 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.04 and a beta of 1.30. The business’s 50-day moving average is GBX 80.19 and its two-hundred day moving average is GBX 86.20. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 4.99.

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.