Taylor Wimpey plc (LON:TW) Given Consensus Rating of “Hold” by Analysts

Taylor Wimpey plc (LON:TW) has earned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 109.

Several equities research analysts have recently commented on the company. Jefferies Financial Group lowered their target price on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research report on Tuesday, June 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 report on Wednesday, April 29th. Bank of America lowered their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research report on Monday, May 11th.

Insider Activity at Taylor Wimpey

In related news, insider Mark Castle acquired 1,999 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of GBX 75 per share, with a total value of £1,499.25. Insiders acquired 2,746 shares of company stock worth $209,936 over the last ninety days. 0.87% of the stock is owned by insiders.

Taylor Wimpey Trading Up 5.4%

TW opened at GBX 82.90 on Friday. The company has a quick ratio of 0.71, a current ratio of 4.96 and a debt-to-equity ratio of 2.96. The firm has a market cap of £2.98 billion, a PE ratio of 12.09, a PEG ratio of 2.04 and a beta of 1.31. The company has a fifty day moving average of GBX 79.90 and a 200-day moving average of GBX 94.46.

Taylor Wimpey announced that its Board of Directors has approved a share repurchase program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.