Barratt Redrow (OTCMKTS:BTDPY) Rating Lowered to Moderate Buy at Peel Hunt

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by equities researchers at Peel Hunt from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on BTDPY. The Goldman Sachs Group started coverage on shares of Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating on the stock. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Jefferies Financial Group cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

Shares of BTDPY stock opened at $10.59 on Monday. Barratt Redrow has a fifty-two week low of $9.39 and a fifty-two week high of $13.18. 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 stock’s fifty day moving average is $10.43 and its two-hundred day moving average is $10.29.

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.