Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase – Should You Buy?

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) saw an uptick in trading volume on Thursday . 277,299 shares changed hands during trading, an increase of 180% from the previous session’s volume of 99,039 shares.The stock last traded at $10.00 and had previously closed at $10.0750.

Wall Street Analyst Weigh In

Several research analysts have commented on BTDPY shares. The Goldman Sachs Group began coverage on Barratt Redrow in a research report on Monday, November 24th. They issued a “buy” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Barratt Redrow in a research note on Thursday, February 12th. Jefferies Financial Group cut shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Zacks Research downgraded shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Peel Hunt cut shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The business has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $10.29.

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. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.