Barclays Downgrades Barratt Redrow (OTCMKTS:BTDPY) to Hold

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

BTDPY has been the subject of several other reports. Royal Bank Of Canada raised shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Peel Hunt cut shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Barratt Redrow has an average rating of “Moderate Buy”.

Barratt Redrow Trading Down 1.7%

Shares of OTCMKTS:BTDPY opened at $6.48 on Tuesday. Barratt Redrow has a 52 week low of $6.47 and a 52 week high of $13.18. The firm’s fifty day moving average is $7.12 and its 200-day moving average is $9.13.

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.