Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down – Here’s Why

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped down prior to trading on Friday . The stock had previously closed at $11.2625, but opened at $10.65. Taylor Wimpey shares last traded at $10.58, with a volume of 14,723 shares traded.

Wall Street Analyst Weigh In

TWODY has been the subject of a number of recent analyst reports. Rothschild & Co Redburn downgraded Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group cut shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Taylor Wimpey Price Performance

The stock’s 50 day moving average is $10.66 and its 200-day moving average is $12.13.

Taylor Wimpey Company Profile

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.