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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares saw strong trading volume on Wednesday . Approximately 174,298 shares were traded during trading, an increase of 318% from the previous session’s volume of 41,653 shares.The stock last traded at $10.53 and had previously closed at $10.64.

Analysts Set New Price Targets

TWODY has been the subject of several analyst reports. Rothschild & Co Redburn cut shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group lowered Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Taylor Wimpey Stock Performance

The company has a 50-day moving average of $10.66 and a 200-day moving average of $12.62.

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.