Taylor Wimpey (LON:TW) Stock Price Passes Above 200 Day Moving Average of $106.30

Taylor Wimpey plc (LON:TW – Get Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 106.30 ($1.32) and traded as high as GBX 115 ($1.42). Taylor Wimpey shares last traded at GBX 113.50 ($1.41), with a volume of 11,853,599 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TW. Barclays reaffirmed an “overweight” rating and issued a GBX 125 ($1.55) price target on shares of Taylor Wimpey in a research note on Monday, January 16th. Citigroup reissued a “buy” rating on shares of Taylor Wimpey in a research note on Tuesday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of Taylor Wimpey from GBX 110 ($1.36) to GBX 120 ($1.49) and gave the stock a “neutral” rating in a research report on Monday, January 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 115 ($1.42) price target on shares of Taylor Wimpey in a research note on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 129.40 ($1.60).

Taylor Wimpey Stock Performance

The company has a current ratio of 4.80, a quick ratio of 0.71 and a debt-to-equity ratio of 2.66. The company has a market capitalization of £4.09 billion and a price-to-earnings ratio of 709.38. The stock’s fifty day simple moving average is GBX 105.43 and its 200-day simple moving average is GBX 106.30.

About Taylor Wimpey

(Get Rating)

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. It builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is based in High Wycombe, the United Kingdom.