Barratt Redrow (OTCMKTS:BTDPY) Rating Lowered to “Hold” at Barclays

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on BTDPY. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Peel Hunt downgraded Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Barratt Redrow presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Down 1.7%

Shares of Barratt Redrow stock opened at $6.48 on Tuesday. Barratt Redrow has a 12 month low of $6.47 and a 12 month high of $13.18. The business has a fifty day simple moving average of $7.12 and a 200-day simple moving average of $9.13.

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.