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

Barratt Redrow plc. (OTCMKTS:BTDPY) shares reached a new 52-week low on Monday . The stock traded as low as $7.47 and last traded at $7.52, with a volume of 146161 shares traded. The stock had previously closed at $7.59.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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. Zacks Research lowered shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. The Goldman Sachs Group began coverage on Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating on the stock. Finally, Peel Hunt cut Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Barratt Redrow currently has an average rating of “Moderate Buy”.

Barratt Redrow Trading Down 0.1%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s fifty day moving average price is $10.08 and its two-hundred day moving average price is $10.16.

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.