Taylor Wimpey (OTCMKTS:TWODY) Sees Large Volume Increase – Should You Buy?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) saw unusually-strong trading volume on Thursday . Approximately 83,728 shares were traded during trading, an increase of 260% from the previous session’s volume of 23,246 shares.The stock last traded at $12.63 and had previously closed at $12.99.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Taylor Wimpey to a “hold” rating in a research note on Monday, November 24th. Zacks Research cut Taylor Wimpey from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Finally, Royal Bank Of Canada upgraded Taylor Wimpey from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Taylor Wimpey currently has an average rating of “Hold”.

Taylor Wimpey Stock Performance

The company’s 50-day moving average is $14.65 and its 200-day moving average is $13.97.

About Taylor Wimpey

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.