Taylor Wimpey (OTCMKTS:TWODY) Sees Large Volume Increase – Time to Buy?

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) saw unusually-high trading volume on Friday . 55,334 shares traded hands during trading, an increase of 33% from the previous session’s volume of 41,518 shares.The stock last traded at $11.23 and had previously closed at $11.2425.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. Rothschild & Co Redburn cut shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a 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 issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Taylor Wimpey Trading Up 0.9%

The stock has a 50-day moving average price of $10.58 and a 200-day moving average price of $12.36.

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.