Taylor Wimpey (OTCMKTS:TWODY) Stock Price Down 6.4% – Here’s Why

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price traded down 6.4% on Tuesday . The company traded as low as $10.66 and last traded at $10.67. 3,505 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 42,311 shares. The stock had previously closed at $11.40.

Analyst Ratings Changes

TWODY has been the topic of a number of analyst reports. The Goldman Sachs Group lowered Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 26th. Rothschild & Co Redburn downgraded Taylor Wimpey from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Taylor Wimpey presently has an average rating of “Hold”.

Taylor Wimpey Price Performance

The business’s 50 day moving average price is $10.57 and its 200-day moving average price is $12.32.

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.