Taylor Wimpey (OTCMKTS:TWODY) Stock Breaks Above 50-Day Moving Average – What’s Next?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $10.74 and traded as high as $11.26. Taylor Wimpey shares last traded at $11.2275, with a volume of 1,005,632 shares changing hands.

Analysts Set New Price Targets

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

Taylor Wimpey Stock Up 5.3%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.99 and a quick ratio of 0.44. The company’s 50 day moving average is $10.74 and its 200 day moving average is $11.69.

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.