Taylor Wimpey (LON:TW) Insider Buys £150.15 in Stock

Taylor Wimpey plc (LON:TW) insider Jennie Daly purchased 195 shares of Taylor Wimpey stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of GBX 77 per share, for a total transaction of £150.15.

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

• On Friday, May 8th, Jennie Daly acquired 178 shares of Taylor Wimpey stock. The shares were bought at an average price of GBX 84 per share, with a total value of £149.52.
• On Wednesday, March 25th, Jennie Daly purchased 139,270 shares of Taylor Wimpey stock. The stock was acquired at an average price of GBX 86 per share, with a total value of £119,772.20.

Taylor Wimpey Stock Down 2.7%

Shares of TW stock traded down GBX 2.08 on Tuesday, reaching GBX 75.30. 13,887,727 shares of the stock were exchanged, compared to its average volume of 2,409,451. The stock’s fifty day moving average price is GBX 82.14 and its 200 day moving average price is GBX 96.62. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The stock has a market cap of £2.71 billion, a PE ratio of 10.98, a P/E/G ratio of 2.04 and a beta of 1.30.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reduced their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 112.

Taylor Wimpey Company Profile

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.