Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Up – Should You Buy?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) shares 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 traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWODY. UBS Group raised shares of Taylor Wimpey to a “strong sell” rating in a research note on Wednesday, September 9th. Zacks Research raised Taylor Wimpey from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Taylor Wimpey presently has a consensus rating of “Reduce”.

Taylor Wimpey Trading Up 2.2%

The company’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.91. 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.