Taylor Wimpey (OTCMKTS:TWODY) Shares Gap Down - Here's Why

Key Points

• Taylor Wimpey shares gapped down from $14.35 to $13.35 before the market opened, indicating a **7.1%** decrease in value.
• Equities analyst ratings for Taylor Wimpey vary, with Kepler Capital Markets upgrading the stock to a "strong-buy" and the Royal Bank of Canada downgrading it to a "hold."
• The company's current trading price is $13.37, significantly below its 50-day moving average of $15.90 and 200-day moving average of $15.12.

Taylor Wimpey PLC Unsponsored ADR (OTCMKTS:TWODY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.35, but opened at $13.35. Taylor Wimpey shares last traded at $13.37, with a volume of 3,441 shares traded.

Wall Street Analysts Forecast Growth

TWODY has been the topic of several analyst reports. Kepler Capital Markets raised shares of Taylor Wimpey to a "strong-buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada downgraded shares of Taylor Wimpey from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 9th.

Taylor Wimpey Trading Down 0.6%

The stock's 50-day moving average is $15.70 and its 200 day moving average is $15.11.

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.