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

Shares of Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) 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 trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 26th. Rothschild & Co Redburn downgraded shares of 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 assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Taylor Wimpey currently has an average rating of “Hold”.

Taylor Wimpey Trading Down 0.3%

The stock has a 50 day moving average of $10.57 and a 200-day moving average of $12.29.

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.