Taylor Wimpey (OTCMKTS:TWODY) Reaches New 12-Month Low – Time to Sell?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares hit a new 52-week low on Monday . The company traded as low as $10.11 and last traded at $10.11, with a volume of 2299 shares trading hands. The stock had previously closed at $10.2250.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group cut shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Rothschild & Co Redburn cut shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Taylor Wimpey Trading Up 2.5%

The firm’s 50-day moving average price is $11.00 and its two-hundred day moving average price is $12.92.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a leading residential developer headquartered in High Wycombe, Buckinghamshire, United Kingdom. The company specializes in the acquisition, planning and construction of new homes for private sale, affordable housing and joint‐venture partnerships. With a focus on delivering quality, sustainable communities, Taylor Wimpey guides projects from initial land sourcing and development planning through to marketing, build‐out and after‐sales management.

Founded in 2007 through the merger of Taylor Woodrow and George Wimpey—each with roots dating back to the early 20th century—Taylor Wimpey has grown to become one of the largest homebuilders in the UK.