Barratt Redrow (OTCMKTS:BTDPY) Hits New 12-Month Low – Here’s What Happened

Barratt Redrow plc. (OTCMKTS:BTDPY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.44 and last traded at $6.50, with a volume of 7124 shares trading hands. The stock had previously closed at $6.79.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BTDPY shares. Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 16th. Barclays cut shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Royal Bank Of Canada upgraded Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Zacks Research upgraded Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow presently has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

The business’s fifty day moving average price is $6.95 and its 200-day moving average price is $8.73.

Barratt Redrow Company Profile

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.