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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares saw unusually-strong trading volume on Tuesday . 82,454 shares changed hands during mid-day trading, an increase of 211% from the previous session’s volume of 26,506 shares.The stock last traded at $15.59 and had previously closed at $16.00.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TWODY shares. Royal Bank Of Canada upgraded shares of Taylor Wimpey from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Zacks Research downgraded Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Finally, The Goldman Sachs Group upgraded 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 given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Taylor Wimpey presently has an average rating of “Hold”.

Taylor Wimpey Stock Down 0.3%

The firm has a fifty day moving average of $14.54 and a 200-day moving average of $13.89.

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.