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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s share 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 changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TWODY. The Goldman Sachs Group downgraded Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Rothschild & Co Redburn lowered shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Taylor Wimpey Price Performance

The company’s fifty 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.