Barratt Redrow (OTCMKTS:BTDPY) Sees Strong Trading Volume – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY) shares saw unusually-high trading volume on Thursday . Approximately 219,351 shares were traded during mid-day trading, an increase of 422% from the previous session’s volume of 42,010 shares.The stock last traded at $10.2620 and had previously closed at $10.1078.

Wall Street Analyst Weigh In

Several research firms have commented on BTDPY. Peel Hunt raised shares of Barratt Redrow to a “strong-buy” rating in a research report on Thursday, September 18th. The Goldman Sachs Group began coverage on Barratt Redrow in a research note on Monday, November 24th. They set a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of Barratt Redrow in a research note on Thursday, September 18th. Royal Bank Of Canada lowered Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The business has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78.

Barratt Redrow Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, October 13th were issued a dividend of $0.2636 per share. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 357.0%.

Barratt Redrow Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.