Taylor Wimpey (LON:TW) Insider Buys £149.52 in Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney acquired 178 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of GBX 84 per share, for a total transaction of £149.52.

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

• On Wednesday, March 25th, Chris Carney acquired 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.
• On Monday, March 9th, Chris Carney bought 157 shares of Taylor Wimpey stock. The stock was bought at an average price of GBX 96 per share, with a total value of £150.72.
• On Thursday, March 5th, Chris Carney sold 329,993 shares of Taylor Wimpey stock. The shares were sold at an average price of GBX 101, for a total transaction of £333,292.93.

Taylor Wimpey Stock Performance

Taylor Wimpey stock traded down GBX 0.02 during midday trading on Monday, reaching GBX 82.82. 27,156,498 shares of the stock were exchanged, 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 stock has a market cap of £2.98 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.04 and a beta of 1.30. The firm has a 50 day simple moving average of GBX 90.97 and a two-hundred day simple moving average of GBX 100.65.

Taylor Wimpey (LON:TW) last issued its quarterly earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) 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 plc will post 9.8339265 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TW shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 150 price objective on shares of Taylor Wimpey in a report on Friday, January 16th. Berenberg Bank lowered their price target on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group cut their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 price objective on shares of Taylor Wimpey in a research note on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 112.

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.