Taylor Wimpey (LON:TW) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Taylor Wimpey plc (LON:TW)’s share price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 80.58 and traded as low as GBX 78.16. Taylor Wimpey shares last traded at GBX 78.64, with a volume of 30,574,006 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TW. Citigroup cut their price target on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating on the stock in a report on Monday, August 3rd. Berenberg Bank cut their price objective on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 101 price objective on shares of Taylor Wimpey in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating for the company in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada lowered shares of Taylor Wimpey to an “outperform” rating and dropped their price target for the stock from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 98.

Taylor Wimpey Stock Performance

The company has a quick ratio of 0.71, a current ratio of 4.99 and a debt-to-equity ratio of 3.06. The business has a 50 day moving average of GBX 80.48 and a 200 day moving average of GBX 87.28. The company has a market capitalization of £2.88 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last announced its earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share (EPS) for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. On average, sell-side analysts predict that Taylor Wimpey plc will post 9.83 earnings per share for the current year.

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.