Taylor Wimpey (OTCMKTS:TWODF) Stock Price Down 5.2% – Here’s Why

Taylor Wimpey plc (OTCMKTS:TWODF)’s stock price traded down 5.2% during mid-day trading on Thursday . The company traded as low as $1.45 and last traded at $1.45. 5,001 shares were traded during mid-day trading, a decline of 27% from the average session volume of 6,831 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of Taylor Wimpey in a report on Tuesday, December 9th. Morgan Stanley downgraded Taylor Wimpey from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group began coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Taylor Wimpey Trading Down 5.2%

The stock’s fifty day simple moving average is $1.43 and its 200-day simple moving average is $1.37.

Taylor Wimpey Company Profile

Taylor Wimpey plc (OTCMKTS:TWODF) is a leading UK-based residential developer engaged in the design, construction and sale of new homes. The company focuses on delivering high-quality housing schemes, including apartments, detached and semi-detached houses, and bungalows. Through its integrated approach, Taylor Wimpey manages land acquisition, planning approvals and on-site construction to bring forward sustainable communities.

The company offers a diverse range of product types, from first-time buyer homes to family residences and retirement living properties.