Taylor Wimpey (LON:TW) Stock Crosses Above 200-Day Moving Average of $106.03

Taylor Wimpey plc (LON:TW – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 106.03 ($1.29) and traded as high as GBX 116.10 ($1.41). Taylor Wimpey shares last traded at GBX 113.55 ($1.38), with a volume of 15,986,348 shares trading hands.

Analyst Ratings Changes

TW has been the subject of several research analyst reports. Morgan Stanley raised Taylor Wimpey to an “equal weight” rating in a report on Tuesday, January 31st. Jefferies Financial Group boosted their price objective on Taylor Wimpey from GBX 142 ($1.73) to GBX 154 ($1.88) and gave the company a “buy” rating in a report on Wednesday, March 8th. Liberum Capital reissued a “hold” rating and issued a GBX 125 ($1.52) price objective on shares of Taylor Wimpey in a report on Monday, February 13th. Citigroup restated a “buy” rating on shares of Taylor Wimpey in a research note on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded Taylor Wimpey to a “hold” rating in a research note on Monday, February 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 126.83 ($1.55).

Taylor Wimpey Stock Performance

The company has a quick ratio of 0.71, a current ratio of 4.71 and a debt-to-equity ratio of 2.57. The stock has a 50 day simple moving average of GBX 117.25 and a 200 day simple moving average of GBX 106.03. The company has a market capitalization of £4.10 billion, a price-to-earnings ratio of 630.83, a P/E/G ratio of -0.99 and a beta of 1.79.

Taylor Wimpey Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, March 30th will be given a dividend of GBX 4.78 ($0.06) per share. The ex-dividend date is Thursday, March 30th. This is an increase from Taylor Wimpey’s previous dividend of $4.62. This represents a dividend yield of 4.04%. Taylor Wimpey’s payout ratio is currently 5,000.00%.

Insider Transactions at Taylor Wimpey

In other news, insider Chris Carney sold 73,817 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of GBX 118 ($1.44), for a total transaction of £87,104.06 ($106,159.73). Insiders own 0.97% of the company’s stock.

About Taylor Wimpey

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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.