Barratt Redrow (OTCMKTS:BTDPY) Downgraded to Hold Rating by Barclays

Barclays lowered shares of Barratt Redrow (OTCMKTS:BTDPY) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Peel Hunt cut Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. Finally, Royal Bank Of Canada upgraded Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Down 1.7%

Shares of OTCMKTS BTDPY opened at $6.48 on Tuesday. The business has a 50-day moving average of $7.12 and a two-hundred day moving average of $9.13. Barratt Redrow has a 1 year low of $6.47 and a 1 year high of $13.18.

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.