Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down – What’s Next?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s share price gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Taylor Wimpey to a “strong sell” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Taylor Wimpey Stock Down 4.6%

The stock has a fifty day simple moving average of $11.11 and a 200-day simple moving average 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.