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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares saw unusually-high trading volume on Wednesday . 174,298 shares were traded during mid-day 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

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

Taylor Wimpey Stock Performance

The business’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $12.62.

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.