Insider Buying: Taylor Wimpey (LON:TW) Insider Acquires 199 Shares of Stock

Taylor Wimpey plc (LON:TW) insider Jennie Daly bought 199 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were acquired at an average price of GBX 76 per share, for a total transaction of £151.24.

Jennie Daly also recently made the following trade(s):

• On Tuesday, September 8th, Jennie Daly bought 183 shares of Taylor Wimpey stock. The stock was bought at an average cost of GBX 82 per share, with a total value of £150.06.

Taylor Wimpey Trading Down 2.0%

Shares of LON:TW traded down GBX 1.50 during midday trading on Friday, hitting 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 market capitalization of £2.67 billion, a PE ratio of 10.85, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a current ratio of 4.99, a quick ratio of 0.71 and a debt-to-equity ratio of 3.06. The firm has a fifty day simple moving average of GBX 82.17 and a 200 day simple moving average of GBX 81.75.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on TW. JPMorgan Chase & Co. decreased 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 101 target price on shares of Taylor Wimpey in a research report on Monday, September 28th. Berenberg Bank dropped their price target 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 cut their price objective on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating for the company in a report on Tuesday, August 4th. Finally, Citigroup decreased their target price on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Taylor Wimpey currently has a consensus rating of “Hold” and an average price target of GBX 98.

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.