Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down – Should You Sell?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $11.55, but opened at $11.00. Taylor Wimpey shares last traded at $10.91, with a volume of 1,150 shares traded.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Taylor Wimpey to a “strong sell” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Taylor Wimpey Trading Down 4.6%

The business has a 50-day moving average price of $11.11 and a 200-day moving average price of $11.04.

About Taylor Wimpey

Taylor Wimpey plc is a residential property developer that designs and builds homes for private buyers and affordable-housing customers. Its activities include acquiring and managing land, securing planning approvals, developing communities, constructing homes and selling completed properties through its housebuilding operations.

The company operates primarily in the United Kingdom and also has a residential development business in Spain. Its UK operations serve a range of regions and typically provide houses and apartments in both urban and suburban communities, while its Spanish business focuses on residential properties in selected coastal and resort locations.

Taylor Wimpey was formed in 2007 through the merger of Taylor Woodrow and George Wimpey, bringing together businesses with longer histories in construction and housebuilding.