Barratt Redrow (OTCMKTS:BTDPY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Barratt Redrow (OTCMKTS:BTDPY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

BTDPY has been the topic of several other reports. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating on the stock. Jefferies Financial Group downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. Finally, Peel Hunt lowered Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

Shares of BTDPY opened at $10.50 on Tuesday. The company’s fifty day moving average is $10.44 and its 200-day moving average is $10.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. Barratt Redrow has a 12 month low of $9.39 and a 12 month high of $13.18.

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.