Barratt Redrow (OTCMKTS:BTDPY) Sees Strong Trading Volume – What’s Next?

Barratt Redrow plc. (OTCMKTS:BTDPY) saw unusually-strong trading volume on Tuesday . Approximately 185,944 shares changed hands during mid-day trading, an increase of 237% from the previous session’s volume of 55,251 shares.The stock last traded at $10.3005 and had previously closed at $10.35.

Analysts Set New Price Targets

BTDPY has been the subject of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Barratt Redrow in a research note on Thursday, September 18th. The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a research report 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. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Barratt Redrow presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

The firm’s fifty day moving average price is $10.15 and its 200 day moving average price is $10.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78.

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.