Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Down – Here’s What Happened

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped down prior to trading on Wednesday . The stock had previously closed at $10.38, but opened at $10.09. Barratt Redrow shares last traded at $9.9760, with a volume of 57,760 shares trading hands.

Analyst Ratings Changes

BTDPY has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a report on Monday, November 24th. They set a “buy” rating on the stock. Citigroup reissued a “buy” rating on shares of Barratt Redrow in a research report on Thursday, September 18th. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Royal Bank Of Canada downgraded Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Peel Hunt raised Barratt Redrow to a “strong-buy” rating in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Barratt Redrow has an average rating of “Moderate Buy”.

Barratt Redrow Trading Up 1.4%

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 company has a 50-day simple moving average of $10.18 and a 200 day simple moving average of $10.31.

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.