Barratt Redrow (OTCMKTS:BTDPY) Sets New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BTDPY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barratt Redrow in a research note on Thursday, February 12th. Peel Hunt cut shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Jefferies Financial Group downgraded shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Zacks Research lowered shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 4.3%

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 company has a 50 day moving average price of $9.46 and a 200 day moving average price of $9.97.

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.