Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down – Time to Sell?

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY) gapped down before the market opened on Wednesday. The stock had previously closed at $10.96, but opened at $10.49. Taylor Wimpey shares last traded at $10.41, with a volume of 2,424 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on TWODY. The Goldman Sachs Group raised shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. Zacks Research raised shares of Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, UBS Group upgraded shares of Taylor Wimpey to a “strong sell” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Taylor Wimpey Trading Down 5.0%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.44 and a current ratio of 4.99. The company’s 50-day moving average is $10.69 and its 200 day moving average is $11.59.

Taylor Wimpey Company Profile

Taylor Wimpey plc is a residential property developer that builds and sells homes in the United Kingdom and Spain. Its developments include apartments and houses for a range of buyers, from first-time purchasers to families. The company’s activities span land acquisition, planning, construction and home sales. In the UK, it operates across multiple regions and also works with housing associations and other partners on affordable housing. Taylor Wimpey was formed in 2007 through the merger of George Wimpey and Taylor Woodrow, two businesses with histories dating back to the 19th century.