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 Tuesday . The stock had previously closed at $11.83, but opened at $11.3301. Taylor Wimpey shares last traded at $11.46, with a volume of 5,284 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded Taylor Wimpey to a “hold” rating in a research note on Monday, November 24th. Zacks Research downgraded shares of Taylor Wimpey from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Finally, Royal Bank Of Canada raised shares of Taylor Wimpey from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Taylor Wimpey has a consensus rating of “Hold”.

Taylor Wimpey Price Performance

The company has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $13.93.

About Taylor Wimpey

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.