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

Taylor Wimpey plc (LON:TW) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 126.

TW has been the subject of a number of analyst reports. Citigroup cut their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. cut their target price on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Berenberg Bank reiterated a “buy” rating and set a GBX 128 price target on shares of Taylor Wimpey in a research report on Thursday, January 15th. Jefferies Financial Group lowered their price target 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. Finally, The Goldman Sachs Group started coverage on shares of Taylor Wimpey in a research note on Monday, November 24th. They set a “neutral” rating and a GBX 109 price objective for the company.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Mark Castle purchased 2,267 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of GBX 102 per share, with a total value of £2,312.34. Insiders have acquired a total of 3,124 shares of company stock valued at $321,174 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

Taylor Wimpey Trading Down 0.2%

TW opened at GBX 106.75 on Tuesday. The company has a market cap of £3.84 billion, a P/E ratio of 15.57, a PEG ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08. The business has a 50 day simple moving average of GBX 104.59 and a 200 day simple moving average of GBX 103.24.

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.