Taylor Wimpey plc (LON:TW) Receives GBX 112 Consensus Price Target from Analysts

Taylor Wimpey plc (LON:TW) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 112.

Several research firms recently weighed in on TW. Jefferies Financial Group cut their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Berenberg Bank cut their price target on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Bank of America cut their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a report on Monday, May 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th.

Taylor Wimpey Price Performance

LON:TW opened at GBX 77.38 on Monday. 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’s 50 day simple moving average is GBX 82.38 and its 200-day simple moving average is GBX 96.78. The company has a market capitalization of £2.78 billion, a P/E ratio of 11.29, a PEG ratio of 2.04 and a beta of 1.30.

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

Taylor Wimpey declared that its board has authorized a stock repurchase program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the homebuilder to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Chris Carney bought 90,361 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were purchased at an average cost of GBX 86 per share, for a total transaction of £77,710.46. Also, insider Jennie Daly bought 139,270 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was bought at an average price of GBX 86 per share, for a total transaction of £119,772.20. Over the last 90 days, insiders have purchased 229,987 shares of company stock worth $19,778,170. 0.87% of the stock is owned by corporate insiders.

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.