Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Down – What’s Next?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $10.28, but opened at $9.96. Barratt Redrow shares last traded at $9.97, with a volume of 13,075 shares changing hands.

Analyst Upgrades and Downgrades

BTDPY has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating on the stock. Jefferies Financial Group cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt raised shares of Barratt Redrow to a “strong-buy” rating in a research note on Thursday, September 18th. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Royal Bank Of Canada lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Down 2.5%

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $10.20 and its 200 day moving average is $10.65.

Barratt Redrow Dividend Announcement

The business 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. This represents a dividend yield of 357.0%. The ex-dividend date was Friday, October 10th.

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.