Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Here’s Why

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) 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 Analyst Weigh In

A number of research firms have commented on BTDPY. The Goldman Sachs Group started coverage on Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. Zacks Research cut Barratt Redrow from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Peel Hunt downgraded Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Finally, Jefferies Financial Group lowered Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Barratt Redrow has an average rating of “Moderate Buy”.

Barratt Redrow Trading Up 6.8%

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 stock has a 50 day moving average price of $9.78 and a 200-day moving average price of $10.08.

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.