Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Up – Time to Buy?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.3950, but opened at $11.14. Taylor Wimpey shares last traded at $11.19, with a volume of 1,527 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Rothschild & Co Redburn downgraded shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. 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. One equities 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. According to MarketBeat, the company presently has an average rating of “Hold”.

Taylor Wimpey Trading Up 2.3%

The stock’s 50 day moving average is $10.72 and its 200 day moving average is $12.69.

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.