Barratt Redrow (OTCMKTS:BTDPY) Downgraded by Peel Hunt to “Moderate Buy”

Peel Hunt downgraded shares of Barratt Redrow (OTCMKTS:BTDPY) from a strong-buy rating to a moderate buy rating in a report released on Monday morning,Zacks.com reports.

A number of other research firms have also commented on BTDPY. 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. Jefferies Financial Group lowered Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barratt Redrow presently has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

Barratt Redrow stock opened at $10.59 on Monday. The stock has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.29. Barratt Redrow has a 52-week low of $9.39 and a 52-week high of $13.18. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.03.

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.