Barclays Downgrades Taylor Wimpey (OTCMKTS:TWODY) to Strong Sell

Key Points

• Taylor Wimpey has been downgraded from a "hold" rating to a "strong sell" by analysts at Barclays, signaling concerns about the company's future performance.
• Contrasting views were noted as Kepler Capital Markets assigned a "strong-buy" rating to Taylor Wimpey just days earlier, illustrating a divide in analyst sentiment.
• The stock opened at $13.50, with notable changes in its moving averages and a 52-week range indicating volatility in its market performance.

Barclays downgraded shares of Taylor Wimpey (OTCMKTS:TWODY - Free Report) from a hold rating to a strong sell rating in a research report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Kepler Capital Markets upgraded Taylor Wimpey to a "strong-buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada cut Taylor Wimpey from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 9th.

Taylor Wimpey Trading Down 0.8%

Taylor Wimpey stock traded down $0.11 during mid-day trading on Wednesday, hitting $13.42. 50,378 shares of the company traded hands, compared to its average volume of 154,024. The stock has a fifty day moving average price of $15.42 and a 200-day moving average price of $15.10. Taylor Wimpey has a one year low of $13.05 and a one year high of $23.56.

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.