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

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by investment analysts 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 brokerages also recently weighed in on BTDPY. Jefferies Financial Group downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating for the company. Finally, Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

Barratt Redrow stock opened at $10.59 on Monday. Barratt Redrow has a one year low of $9.39 and a one year high of $13.18. The company’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $10.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78.

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.