Taylor Wimpey (LON:TW) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Taylor Wimpey plc (LON:TW - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 150.84 ($1.97) and traded as high as GBX 160.90 ($2.10). Taylor Wimpey shares last traded at GBX 160.15 ($2.09), with a volume of 16,292,781 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on TW. Berenberg Bank reissued a "buy" rating and issued a GBX 175 ($2.29) price target on shares of Taylor Wimpey in a research note on Wednesday, July 31st. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 150 ($1.96) target price on shares of Taylor Wimpey in a research note on Thursday, August 1st.

Taylor Wimpey Stock Up 3.5 %

The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The company's fifty day moving average price is GBX 161.99 and its 200-day moving average price is GBX 150.91. The stock has a market capitalization of £5.87 billion, a PE ratio of 2,367.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.

Taylor Wimpey Increases Dividend

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

About Taylor Wimpey

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.