Barratt Redrow (OTCMKTS:BTDPY) Hits New 12-Month Low – Here’s What Happened

Barratt Redrow plc. (OTCMKTS:BTDPY)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $6.70 and last traded at $6.75, with a volume of 240118 shares traded. The stock had previously closed at $7.0530.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BTDPY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Barratt Redrow in a research report on Thursday, February 12th. Jefferies Financial Group lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Zacks Research cut Barratt Redrow from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Peel Hunt lowered shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Down 4.3%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $10.00.

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.