Barratt Redrow (OTCMKTS:BTDPY) Rating Lowered to “Strong Sell” at Zacks Research

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

BTDPY has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. Jefferies Financial Group cut shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

Barratt Redrow stock opened at $10.50 on Tuesday. Barratt Redrow has a one year low of $9.39 and a one year high of $13.18. The stock has a fifty day moving average of $10.44 and a 200 day moving average of $10.29. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.03.

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.