Taylor Wimpey (OTCMKTS:TWODF) Stock Price Up 0.7% – Here’s Why

Shares of Taylor Wimpey plc (OTCMKTS:TWODF) rose 0.7% on Wednesday . The company traded as high as $1.43 and last traded at $1.43. Approximately 55,373 shares traded hands during trading, an increase of 51% from the average daily volume of 36,734 shares. The stock had previously closed at $1.42.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Taylor Wimpey in a report on Monday, November 24th. They issued a “neutral” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Taylor Wimpey in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Taylor Wimpey Price Performance

The company has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.39.

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.