Taylor Wimpey (LON:TW) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Taylor Wimpey plc (LON:TW) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 104.76 and traded as low as GBX 103.98. Taylor Wimpey shares last traded at GBX 104.75, with a volume of 10,809,038 shares changing hands.

Analysts Set New Price Targets

TW has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Citigroup increased their price target on shares of Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a research note on Friday, October 3rd. Peel Hunt restated a “hold” rating and set a GBX 110 price target on shares of Taylor Wimpey in a report on Wednesday, October 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 135 price target on shares of Taylor Wimpey in a research report on Monday, November 17th. Finally, Royal Bank Of Canada upgraded Taylor Wimpey to an “outperform” rating and upped their price objective for the company from GBX 130 to GBX 150 in a report on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 129.13.

Taylor Wimpey Trading Up 0.7%

The business’s 50-day simple moving average is GBX 103.41 and its two-hundred day simple moving average is GBX 104.77. The firm has a market capitalization of £3.86 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.04 and a beta of 1.81. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79.

Insiders Place Their Bets

In other news, insider Mark Castle bought 2,267 shares of the business’s stock in a transaction on Monday, December 15th. The shares were bought at an average price of GBX 102 per share, with a total value of £2,312.34. In the last three months, insiders have purchased 2,987 shares of company stock valued at $305,952. 0.87% of the stock is currently 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.