Taylor Wimpey (LON:TW) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Taylor Wimpey shares recently crossed above their 200-day moving average, trading at GBX 110.65 ($1.48) with a 200-day average of GBX 109.09 ($1.45).
• Analysts have mixed opinions on the stock, with price targets ranging from GBX 110 to GBX 145, leading to an average rating of "Hold" and a consensus target price of GBX 133.43.
• The company reported earnings of GBX 3.20 per share in its last quarterly results, predicting a total EPS of 9.83 for the current fiscal year.

Shares of Taylor Wimpey plc (LON:TW - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 109.09 ($1.45) and traded as high as GBX 110.81 ($1.48). Taylor Wimpey shares last traded at GBX 110.65 ($1.48), with a volume of 15,734,368 shares traded.

Wall Street Analysts Forecast Growth

TW has been the topic of several research analyst reports. Citigroup increased their price target on shares of Taylor Wimpey from GBX 140 to GBX 145 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Peel Hunt reaffirmed a "hold" rating and set a GBX 110 price target on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 142 price target on shares of Taylor Wimpey in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Taylor Wimpey from GBX 136 to GBX 122 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Taylor Wimpey in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Taylor Wimpey currently has an average rating of "Hold" and a consensus target price of GBX 133.43.

Taylor Wimpey Stock Performance

The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The stock has a market cap of £3.93 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company's 50-day simple moving average is GBX 100.85 and its 200-day simple moving average is GBX 109.09.

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

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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