Taylor Wimpey (LON:TW) Insider Acquires £150.88 in Stock

Key Points

• Insider buying: Chris Carney purchased 184 Taylor Wimpey shares at GBX 82 each, spending £150.88. He also bought £149.72 worth of shares in July.
• Stock and financial performance: Shares recently traded at GBX 81.64, with a £2.93 billion market capitalization and a P/E ratio of 11.91. The company reported quarterly EPS of GBX 2.50 and has a projected full-year EPS of approximately 9.83 pence.
• Analyst view: Price targets have generally been reduced, and ratings range from Buy to Sell. The stock carries an overall “Hold” consensus rating with an average target price of GBX 99.20.

Taylor Wimpey plc (LON:TW - Get Free Report) insider Chris Carney bought 184 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were bought at an average price of GBX 82 per share, for a total transaction of £150.88.

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

• On Wednesday, July 8th, Chris Carney purchased 197 shares of Taylor Wimpey stock. The shares were bought at an average price of GBX 76 per share, with a total value of £149.72.

Taylor Wimpey Price Performance

Shares of TW stock traded down GBX 0.06 during trading on Wednesday, reaching GBX 81.64. The company had a trading volume of 9,513,107 shares, compared to its average volume of 2,409,451. The stock has a 50 day moving average price of GBX 82.37 and a 200 day moving average price of GBX 85.39. 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 firm has a market cap of £2.93 billion, a P/E ratio of 11.91, a PEG ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW - Get Free Report) last announced its quarterly 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%. Analysts forecast that Taylor Wimpey plc will post 9.8339265 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TW shares. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 100 to GBX 95 and set a "buy" rating on the stock in a research note on Monday, August 3rd. JPMorgan Chase & Co. decreased their price target on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an "underweight" rating for the company in a report on Tuesday, June 16th. Royal Bank Of Canada downgraded Taylor Wimpey to an "outperform" rating and lowered their price target for the company from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Taylor Wimpey from GBX 96 to GBX 82 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group cut their price objective on Taylor Wimpey from GBX 102 to GBX 101 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Taylor Wimpey currently has an average rating of "Hold" and an average target price of GBX 99.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.