Taylor Wimpey (OTCMKTS:TWODF) Trading Up 2% – Here’s What Happened

Taylor Wimpey plc (OTCMKTS:TWODF)’s stock price was up 2% during mid-day trading on Wednesday . The stock traded as high as $1.50 and last traded at $1.50. Approximately 10,842 shares traded hands during trading, a decline of 9% from the average daily volume of 11,868 shares. The stock had previously closed at $1.47.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TWODF shares. The Goldman Sachs Group began coverage on Taylor Wimpey in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Taylor Wimpey in a research note on Tuesday, December 9th. Finally, Morgan Stanley downgraded shares of Taylor Wimpey from an “equal weight” rating to an “underweight” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Taylor Wimpey Price Performance

The company has a 50-day simple moving average of $1.39 and a two-hundred day simple moving average of $1.37.

Taylor Wimpey Company Profile

Taylor Wimpey plc (OTCMKTS:TWODF) is a leading UK-based residential developer engaged in the design, construction and sale of new homes. The company focuses on delivering high-quality housing schemes, including apartments, detached and semi-detached houses, and bungalows. Through its integrated approach, Taylor Wimpey manages land acquisition, planning approvals and on-site construction to bring forward sustainable communities.

The company offers a diverse range of product types, from first-time buyer homes to family residences and retirement living properties.