Insider Buying: Taylor Wimpey plc (LON:TW) Insider Buys 148 Shares of Stock

Key Points

• Chris Carney, an insider at Taylor Wimpey plc, purchased 148 shares at an average price of GBX 101 ($1.36) on August 8, following earlier purchases in July and June.
• The company's stock price has seen a range of target price adjustments, with Deutsche Bank lowering its target from GBX 136 to GBX 122, indicating mixed sentiments among analysts.
• Taylor Wimpey has a market capitalization of £3.63 billion and reported earnings of GBX 3.20 ($0.04) per share in its latest quarterly results.

Taylor Wimpey plc (LON:TW - Get Free Report) insider Chris Carney purchased 148 shares of the firm's stock in a transaction on Friday, August 8th. The shares were acquired at an average cost of GBX 101 ($1.36) per share, for a total transaction of £149.48 ($200.97).

Chris Carney also recently made the following trade(s):

• On Tuesday, July 8th, Chris Carney purchased 133 shares of Taylor Wimpey stock. The stock was bought at an average price of GBX 112 ($1.51) per share, for a total transaction of £148.96 ($200.27).
• On Monday, June 9th, Chris Carney acquired 131 shares of Taylor Wimpey stock. The shares were bought at an average cost of GBX 115 ($1.55) per share, for a total transaction of £150.65 ($202.54).

Taylor Wimpey Stock Performance

Shares of LON TW traded up GBX 0.70 ($0.01) during midday trading on Monday, hitting GBX 101.10 ($1.36). 10,501,721 shares of the company's stock traded hands, compared to its average volume of 2,409,451. The stock has a market capitalization of £3.63 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The company has a 50-day moving average price of GBX 113.39 and a two-hundred day moving average price of GBX 114.02.

Taylor Wimpey (LON:TW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The homebuilder reported GBX 3.20 ($0.04) earnings per share for the quarter. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%. On average, equities analysts anticipate that Taylor Wimpey plc will post 9.8339265 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TW. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Taylor Wimpey from GBX 136 ($1.83) to GBX 122 ($1.64) and set a "hold" rating on the stock in a report on Tuesday, August 5th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Taylor Wimpey in a report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on shares of Taylor Wimpey from GBX 135 ($1.82) to GBX 130 ($1.75) and set a "sector perform" rating on the stock in a report on Thursday, July 31st. Citigroup dropped their price target on shares of Taylor Wimpey from GBX 150 ($2.02) to GBX 147 ($1.98) and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, Berenberg Bank dropped their price target on shares of Taylor Wimpey from GBX 150 ($2.02) to GBX 135 ($1.82) and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 143.17 ($1.92).

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.

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