Taylor Wimpey (LON:TW) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Taylor Wimpey plc (LON:TW) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 96.62 and traded as low as GBX 77. Taylor Wimpey shares last traded at GBX 77.38, with a volume of 12,979,124 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America decreased their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft decreased their target price on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research report on Monday, May 11th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a research report on Thursday, March 5th. JPMorgan Chase & Co. decreased their target price on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Berenberg Bank decreased their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 112.

Taylor Wimpey Trading Down 2.7%

The company has a 50 day simple moving average of GBX 82.14 and a 200 day simple moving average of GBX 96.62. 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 capitalization of £2.71 billion, a PE ratio of 10.98, a P/E/G ratio of 2.04 and a beta of 1.30.

Taylor Wimpey announced that its board has approved a stock buyback plan on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Taylor Wimpey

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

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.