Barratt Redrow (OTCMKTS:BTDPY) Hits New 12-Month Low – Should You Sell?

Barratt Redrow plc. (OTCMKTS:BTDPY) hit a new 52-week low on Tuesday . The stock traded as low as $6.61 and last traded at $6.68, with a volume of 82881 shares traded. The stock had previously closed at $7.06.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BTDPY shares. Zacks Research downgraded Barratt Redrow from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Peel Hunt downgraded Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Down 4.5%

The company has a 50 day moving average of $9.04 and a 200 day moving average of $9.84.

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.