Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Up – Still a Buy?

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped up prior to trading on Tuesday . The stock had previously closed at $14.07, but opened at $14.7599. Taylor Wimpey shares last traded at $14.26, with a volume of 1,403 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank Of Canada raised Taylor Wimpey from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Zacks Research raised shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, The Goldman Sachs Group upgraded shares of Taylor Wimpey to a “hold” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Taylor Wimpey currently has a consensus rating of “Hold”.

Taylor Wimpey Price Performance

The stock’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $14.07.

Taylor Wimpey Announces Dividend

The business also recently declared a dividend, which was paid on Friday, November 28th. Investors of record on Monday, October 13th were issued a $0.5591 dividend. This represents a dividend yield of 800.0%. The ex-dividend date of this dividend was Friday, October 10th.

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.