Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase – Should You Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) shares saw unusually-high trading volume on Thursday . Approximately 277,299 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 99,039 shares.The stock last traded at $10.00 and had previously closed at $10.0750.

Wall Street Analysts Forecast Growth

BTDPY has been the topic of several recent analyst reports. Peel Hunt lowered shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Zacks Research lowered shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a research report on Thursday, February 12th. Jefferies Financial Group lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $10.29.

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.