Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Time to Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $6.77, but opened at $7.19. Barratt Redrow shares last traded at $7.21, with a volume of 90,590 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BTDPY shares. Peel Hunt downgraded Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Jefferies Financial Group downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a research note on Thursday, February 12th. Finally, Zacks Research cut shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 2.8%

The company has a 50-day simple moving average of $9.65 and a 200-day simple moving average of $10.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78.

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.