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

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $10.51, but opened at $10.06. Taylor Wimpey shares last traded at $10.0450, with a volume of 949 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TWODY. UBS Group raised Taylor Wimpey to a “strong sell” rating in a research report on Wednesday, September 9th. Zacks Research upgraded Taylor Wimpey from a “strong sell” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Taylor Wimpey Price Performance

The business’s fifty day moving average is $11.05 and its 200-day moving average is $10.97. The company has a quick ratio of 0.44, a current ratio of 4.99 and a debt-to-equity ratio of 0.02.

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.