Barratt Redrow (OTCMKTS:BTDPY) Sees Strong Trading Volume – Should You Buy?

by · The Cerbat Gem

Barratt Redrow plc. (OTCMKTS:BTDPY – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 91,472 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 43,115 shares.The stock last traded at $10.39 and had previously closed at $10.21.

Analyst Ratings Changes

Several research firms recently commented on BTDPY. 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. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating for the company. Citigroup restated a “buy” rating on shares of Barratt Redrow in a research note on Thursday, September 18th. Royal Bank Of Canada cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Peel Hunt upgraded Barratt Redrow to a “strong-buy” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Get Our Latest Report on Barratt Redrow

Barratt Redrow Trading Up 1.6%

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 business has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $10.50.

Barratt Redrow Company Profile

(Get Free Report)

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.

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