Taylor Wimpey (LON:TW) Shares Break Below 50 Day Moving Average – What’s Next?

Shares of Taylor Wimpey plc (LON:TW) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 80.19 and traded as low as GBX 77.72. Taylor Wimpey shares last traded at GBX 78.70, with a volume of 64,612,446 shares trading hands.

Latest Taylor Wimpey News

Here’s some of the latest news about TW:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 95 target, while Jefferies also maintained a “buy” rating and GBX 101 target. Berenberg rating
• Neutral Sentiment: RBC kept its “outperform” rating but cut its price target, signaling continued analyst confidence tempered by lower expectations. RBC rating and target
• Neutral Sentiment: Insiders Jennie Daly and Chris Carney each reportedly bought 181 shares. The purchases may indicate some confidence, though their small size limits their significance. Insider purchase report

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada downgraded Taylor Wimpey to an “outperform” rating and decreased their target price for the company from GBX 115 to GBX 110 in a research note on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 95 price target on shares of Taylor Wimpey in a research report on Thursday. Deutsche Bank cut their price target on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating for the company in a report on Tuesday, August 4th. Citigroup reduced their price objective on Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 101 price objective on shares of Taylor Wimpey in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Taylor Wimpey currently has a consensus rating of “Hold” and an average price target of GBX 98.

Taylor Wimpey Stock Performance

The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 4.99. The firm has a 50 day moving average price of GBX 80.19 and a two-hundred day moving average price of GBX 86.20. The company has a market capitalization of £2.81 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

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.