Taylor Wimpey (OTCMKTS:TWODY) Sees Strong Trading Volume – Here’s What Happened

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares saw unusually-strong trading volume on Friday . 55,334 shares changed hands during mid-day 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 brokerages recently issued reports on TWODY. Rothschild & Co Redburn lowered Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group downgraded Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Taylor Wimpey Stock Performance

The company’s 50 day moving average price is $10.58 and its 200 day moving average price is $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.