Taylor Wimpey (LON:TW) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Taylor Wimpey plc (LON:TW) passed 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 trading hands.

Wall Street Analyst Weigh In

TW has been the topic of a number of research reports. Bank of America cut their price objective on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. Berenberg Bank cut their price objective on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group cut their price objective on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 price objective on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 112.

Taylor Wimpey Stock Up 1.8%

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 stock has a market cap of £2.76 billion, a PE ratio of 11.18, a P/E/G ratio of 2.04 and a beta of 1.31. The business has a 50 day moving average price of GBX 81.69 and a 200 day moving average price of GBX 96.29.

Taylor Wimpey declared that its board has authorized a share repurchase program on Thursday, March 5th that allows the company to repurchase 0 shares. This repurchase authorization allows the homebuilder to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Taylor Wimpey

In related news, insider Chris Carney bought 90,361 shares of the stock in a transaction dated Wednesday, March 25th. The shares were acquired 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 stock in a transaction dated Wednesday, March 25th. The shares were bought at an average price of GBX 86 per share, for a total transaction of £119,772.20. Insiders purchased a total of 230,378 shares of company stock valued at $19,808,277 in the last ninety days. 0.87% of the stock is currently owned by 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.