Barratt Redrow (OTCMKTS:BTDPY) Hits New 52-Week Low – Here’s What Happened

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.47 and last traded at $7.52, with a volume of 146161 shares changing hands. The stock had previously closed at $7.59.

Wall Street Analyst Weigh In

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

Barratt Redrow Stock Performance

The business has a fifty day simple moving average of $9.97 and a two-hundred day simple moving average of $10.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78.

About Barratt Redrow

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.