Taylor Wimpey (LON:TW) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Taylor Wimpey plc (LON:TW)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 152.78 ($1.98) and traded as high as GBX 155.15 ($2.01). Taylor Wimpey shares last traded at GBX 146.30 ($1.90), with a volume of 31,067,952 shares trading hands.

Analyst Upgrades and Downgrades

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

Taylor Wimpey Price Performance

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08. The stock has a market cap of £5.22 billion, a price-to-earnings ratio of 2,090.00, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The business’s fifty day simple moving average is GBX 161.71 and its 200 day simple moving average is GBX 152.78.

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.