Shares of Taylor Wimpey PLC experienced a significant spike in trading volume on Monday, with approximately 40,885 shares changing hands. This represents a remarkable 162% increase from the previous session’s volume of 15,621 shares. The stock’s last trade was recorded at $14.4150, following a previous close of $14.37.
Analysts Update Ratings for Taylor Wimpey
Several equities analysts have recently reassessed their ratings for Taylor Wimpey shares. On November 14, 2023, Zacks Research upgraded the stock from a “strong sell” to a “hold” rating. Shortly thereafter, on December 2, 2023, Royal Bank of Canada elevated their recommendation from “hold” to a “moderate buy.” Additionally, on November 24, 2023, The Goldman Sachs Group also raised the stock to a “hold” rating.
In total, one research analyst has assigned a “Strong Buy” rating, one has given a “Buy” rating, three have designated a “Hold” rating, and one has offered a “Sell” rating for the company’s stock. According to data from MarketBeat, Taylor Wimpey currently holds an average rating of “Hold” among analysts.
About Taylor Wimpey PLC
Headquartered in High Wycombe, Buckinghamshire, United Kingdom, Taylor Wimpey PLC is one of the leading residential developers in the UK. The company specializes in acquiring, planning, and constructing new homes for both private sale and affordable housing, as well as engaging in joint-venture partnerships.
With a commitment to creating quality, sustainable communities, Taylor Wimpey oversees projects from the initial stages of land sourcing and development planning through to marketing, construction, and after-sales management. The company was formed in 2007 through the merger of Taylor Woodrow and George Wimpey, both of which have historical roots dating back to the early 20th century. Since then, Taylor Wimpey has grown to become one of the largest homebuilders in the UK.
Investors and analysts alike will be keen to observe how these recent developments in trading volume and analyst ratings impact the stock’s performance in the coming weeks.
