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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $11.40, but opened at $11.02. Taylor Wimpey shares last traded at $10.94, with a volume of 1,294 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on TWODY. Rothschild & Co Redburn cut shares of Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group lowered shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Taylor Wimpey Stock Down 5.1%

The business has a 50 day simple moving average of $10.58 and a two-hundred day simple moving average of $12.34.

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.