Insider Buying: Taylor Wimpey (LON:TW) Insider Acquires £150.48 in Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney bought 198 shares of Taylor Wimpey stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of GBX 76 per share, with a total value of £150.48.

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

• On Tuesday, September 8th, Chris Carney purchased 184 shares of Taylor Wimpey stock. The stock was purchased at an average cost of GBX 82 per share, for a total transaction of £150.88.

Taylor Wimpey Trading Down 2.0%

TW stock traded down GBX 1.50 during trading on Friday, reaching GBX 74.40. 29,962,098 shares of the stock were exchanged, compared to its average volume of 2,409,451. The company has a debt-to-equity ratio of 3.06, a current ratio of 4.99 and a quick ratio of 0.71. The business’s fifty day simple moving average is GBX 82.17 and its 200 day simple moving average is GBX 81.75. The firm has a market capitalization of £2.67 billion, a P/E ratio of 10.85, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last released its quarterly earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 EPS for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Equities analysts predict that Taylor Wimpey plc will post 9.8339265 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Berenberg Bank dropped their target price on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 101 price target on shares of Taylor Wimpey in a report on Monday, September 28th. Citigroup decreased 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. Finally, JPMorgan Chase & Co. dropped their price target on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 98.

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.