Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Up – What’s Next?

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped up before the market opened on Monday. The stock had previously closed at $10.60, but opened at $11.14. Taylor Wimpey shares last traded at $11.16, with a volume of 401 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 20th. UBS Group raised shares of Taylor Wimpey to a “strong sell” rating in a research report on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Taylor Wimpey Stock Performance

The business’s fifty day moving average price is $10.75 and its 200 day moving average price is $11.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.99 and a quick ratio of 0.44.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer and housebuilder headquartered in the United Kingdom. The company acquires land, secures planning approvals and designs, constructs and sells homes for private buyers, while also working with housing associations and other organizations to deliver affordable housing.

The company operates primarily in the United Kingdom, where it builds a range of properties from apartments and starter homes to larger family houses. Its activities also include land development, infrastructure work and the management of large-scale residential communities.