Taylor Wimpey (OTCMKTS:TWODY) Sees Strong Trading Volume – Still a Buy?

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) saw unusually-high trading volume on Monday . 63,216 shares traded hands during trading, an increase of 78% from the previous session’s volume of 35,517 shares.The stock last traded at $10.2650 and had previously closed at $10.49.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TWODY shares. UBS Group upgraded shares of Taylor Wimpey to a “strong sell” rating in a report on Wednesday, September 9th. The Goldman Sachs Group downgraded shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Finally, Rothschild & Co Redburn lowered shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Taylor Wimpey Stock Performance

The company has a 50-day moving average of $11.12 and a 200-day moving average of $11.33.

About Taylor Wimpey

Taylor Wimpey plc (OTCMKTS:TWODY) is a residential property developer headquartered in the United Kingdom. The company acquires land, secures planning approvals, and designs, builds and sells new homes for private buyers and affordable-housing providers. Its developments typically include houses and apartments in a range of sizes and price points, supported by related infrastructure and community facilities.

The company operates primarily in England, Scotland and Wales, as well as in Spain through its Taylor Wimpey España business.