Taylor Wimpey (LON:TW) Stock Crosses Above 200-Day Moving Average – What’s Next?

by · The Markets Daily

Taylor Wimpey plc (LON:TW – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 151.91 ($1.97) and traded as high as GBX 159.90 ($2.08). Taylor Wimpey shares last traded at GBX 157.50 ($2.04), with a volume of 6,349,230 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TW. Berenberg Bank reissued a “buy” rating and issued a GBX 175 ($2.27) price objective on shares of Taylor Wimpey in a report on Wednesday, July 31st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 150 ($1.95) price target on shares of Taylor Wimpey in a research note on Thursday, August 1st.

Read Our Latest Stock Report on TW

Taylor Wimpey Stock Performance

The stock has a 50 day moving average of GBX 162.33 and a two-hundred day moving average of GBX 152.08. The stock has a market capitalization of £5.48 billion, a PE ratio of 2,212.86, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71.

Taylor Wimpey Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 4.80 ($0.06) per share. This is a positive change from Taylor Wimpey’s previous dividend of $4.79. This represents a yield of 3.03%. The ex-dividend date of this dividend is Thursday, October 10th. Taylor Wimpey’s dividend payout ratio is presently 14,285.71%.

Taylor Wimpey Company Profile

(Get Free Report)

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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