Insider Buying: Taylor Wimpey (LON:TW) Insider Acquires 196 Shares of Stock

Taylor Wimpey plc (LON:TW) insider Chris Carney acquired 196 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of GBX 77 per share, with a total value of £150.92.

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

• On Friday, May 8th, Chris Carney acquired 178 shares of Taylor Wimpey stock. The stock was purchased at an average cost of GBX 84 per share, with a total value of £149.52.
• On Wednesday, March 25th, Chris Carney acquired 90,361 shares of Taylor Wimpey stock. The stock was purchased at an average cost of GBX 86 per share, with a total value of £77,710.46.

Taylor Wimpey Trading Down 2.7%

LON:TW traded down GBX 2.08 on Tuesday, reaching GBX 75.30. The stock had a trading volume of 13,887,727 shares, compared to its average volume of 2,409,451. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The company has a market cap of £2.71 billion, a PE ratio of 10.98, a P/E/G ratio of 2.04 and a beta of 1.30. The stock’s 50-day moving average price is GBX 82.14 and its 200-day moving average price is GBX 96.62.

Taylor Wimpey declared that its Board of Directors has approved a stock repurchase program on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on TW shares. Bank of America dropped their price target on shares of Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Taylor Wimpey presently has a consensus rating of “Moderate Buy” and an average target price of GBX 112.

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.