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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TWODY. Rothschild & Co Redburn downgraded Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group downgraded Taylor Wimpey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Taylor Wimpey presently has a consensus rating of “Hold”.

Taylor Wimpey Stock Up 0.7%

The firm’s 50 day moving average price is $10.70 and its two-hundred day moving average price is $12.66.

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.