Taylor Wimpey (LON:TW) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• Taylor Wimpey shares passed below its 200-day moving average (200‑day MA GBX 104.76), trading as low as GBX 103.98 and last at GBX 104.75 on volume of 10,809,038.
• Analysts are mixed — four Buy and four Hold — resulting in a consensus rating of Moderate Buy and a consensus price target of GBX 129.13.
• Insider activity shows a small buy: Mark Castle purchased 2,267 shares at GBX 102 on Dec 15, with insiders buying 2,987 shares in the past three months and owning 0.87% of the company.

Taylor Wimpey plc (LON:TW - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 104.76 and traded as low as GBX 103.98. Taylor Wimpey shares last traded at GBX 104.75, with a volume of 10,809,038 shares traded.

Analyst Ratings Changes

Several analysts have commented on the stock. Berenberg Bank restated a "buy" rating and set a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, November 17th. The Goldman Sachs Group assumed coverage on shares of Taylor Wimpey in a report on Monday, November 24th. They set a "neutral" rating and a GBX 109 target price for the company. Citigroup upped their price target on shares of Taylor Wimpey from GBX 140 to GBX 145 and gave the company a "buy" rating in a report on Friday, October 3rd. Peel Hunt reiterated a "hold" rating and set a GBX 110 price objective on shares of Taylor Wimpey in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a "neutral" rating for the company in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 129.13.

Taylor Wimpey Stock Performance

The firm's 50 day moving average is GBX 103.36 and its 200-day moving average is GBX 104.76. The stock has a market capitalization of £3.84 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Mark Castle bought 2,267 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of GBX 102 per share, with a total value of £2,312.34. Insiders have bought a total of 2,987 shares of company stock valued at $305,952 in the last three months. Corporate insiders own 0.87% of the company's stock.

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.

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