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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped up before the market opened on Thursday. The stock had previously closed at $9.65, but opened at $10.11. Taylor Wimpey shares last traded at $10.11, with a volume of 300 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research upgraded Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. UBS Group upgraded Taylor Wimpey to a “strong sell” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Taylor Wimpey Price Performance

The firm’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $10.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.99 and a quick ratio of 0.44.

About Taylor Wimpey

Taylor Wimpey plc is a residential property developer that designs and builds homes for private buyers and affordable-housing customers. Its activities include acquiring and managing land, securing planning approvals, developing communities, constructing homes and selling completed properties through its housebuilding operations.

The company operates primarily in the United Kingdom and also has a residential development business in Spain. Its UK operations serve a range of regions and typically provide houses and apartments in both urban and suburban communities, while its Spanish business focuses on residential properties in selected coastal and resort locations.

Taylor Wimpey was formed in 2007 through the merger of Taylor Woodrow and George Wimpey, bringing together businesses with longer histories in construction and housebuilding.