Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY) shares saw strong trading volume on Thursday . 219,351 shares traded hands during mid-day trading, an increase of 422% from the previous session’s volume of 42,010 shares.The stock last traded at $10.2620 and had previously closed at $10.1078.

Analyst Ratings Changes

Several analysts have recently weighed in on BTDPY shares. Royal Bank Of Canada downgraded Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group assumed coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating for the company. Jefferies Financial Group lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Citigroup reiterated a “buy” rating on shares of Barratt Redrow in a research report on Thursday, September 18th. Finally, Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Down 3.4%

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $10.20 and a two-hundred day moving average of $10.63.

Barratt Redrow Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 1st. Investors of record on Monday, October 13th were paid a $0.2636 dividend. The ex-dividend date was Friday, October 10th. This represents a yield of 357.0%.

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.