Taylor Wimpey (LON:TW) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• Taylor Wimpey shares fell below their 50-day moving average, trading as low as GBX 78.16 before closing at GBX 78.64 on volume of more than 30.5 million shares.
• Analyst sentiment is mixed: five analysts rate the stock a Buy, three a Hold and one a Sell. The consensus rating is Hold, with an average price target of GBX 98.
• Several firms recently cut their price targets, although Jefferies maintained a Buy rating with a GBX 101 target. Taylor Wimpey reported quarterly EPS of GBX 2.50 and analysts expect full-year EPS of GBX 9.83.

Taylor Wimpey plc (LON:TW - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday. The stock has a fifty 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.

Analyst Upgrades and Downgrades

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

Taylor Wimpey Trading Up 1.3%

The firm's 50 day simple moving average is GBX 80.58 and its two-hundred day simple moving average is GBX 87.43. The stock has a market capitalization of £2.86 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a quick ratio of 0.71, a current ratio of 4.99 and a debt-to-equity ratio of 3.06.

Taylor Wimpey (LON:TW - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts forecast that Taylor Wimpey plc will post 9.83 earnings per share for the current fiscal 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.

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