Barratt Redrow (OTCMKTS:BTDPY) Sets New 12-Month Low – Should You Sell?

Barratt Redrow plc. (OTCMKTS:BTDPY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.44 and last traded at $6.50, with a volume of 7124 shares changing hands. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BTDPY. Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Peel Hunt cut Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 2.6%

The stock has a 50 day moving average price of $6.97 and a two-hundred day moving average price of $8.77.

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.