Taylor Wimpey (OTCMKTS:TWODY) Stock Jumps 9.8% – Still a Buy?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) traded up 9.8% during trading on Tuesday. The stock traded as high as $11.67 and last traded at $11.66. 344 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 34,756 shares. The stock had previously closed at $10.6150.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Taylor Wimpey to a “strong sell” rating in a research report on Wednesday, September 9th. One research 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.com, the stock currently has a consensus rating of “Reduce”.

Taylor Wimpey Stock Down 1.8%

The company has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $11.04.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer that designs and builds homes for private buyers and affordable-housing customers. Its activities include acquiring and managing land, securing planning approvals, developing communities, constructing homes and selling completed properties through its housebuilding operations.

The company operates primarily in the United Kingdom and also has a residential development business in Spain. Its UK operations serve a range of regions and typically provide houses and apartments in both urban and suburban communities, while its Spanish business focuses on residential properties in selected coastal and resort locations.

Taylor Wimpey was formed in 2007 through the merger of Taylor Woodrow and George Wimpey, bringing together businesses with longer histories in construction and housebuilding.