Taylor Wimpey (LON:TW) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Taylor Wimpey plc (LON:TW)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 109.09 ($1.45) and traded as high as GBX 110.81 ($1.48). Taylor Wimpey shares last traded at GBX 110.65 ($1.48), with a volume of 15,734,368 shares.

Analyst Ratings Changes

TW has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 142 price objective on shares of Taylor Wimpey in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating for the company in a research note on Tuesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, September 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 130 price objective on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Taylor Wimpey currently has an average rating of “Hold” and a consensus price target of GBX 133.43.

Taylor Wimpey Stock Performance

The firm’s fifty day moving average price is GBX 100.85 and its 200 day moving average price is GBX 109.09. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of £3.93 billion, a PE ratio of 15.94, a PEG ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW) last posted its quarterly earnings results on Wednesday, July 30th. The homebuilder reported GBX 3.20 EPS for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. On average, research analysts anticipate that Taylor Wimpey plc will post 9.8339265 earnings per share for the current year.

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.