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

Barratt Redrow plc. (OTCMKTS:BTDPY) shares hit a new 52-week low during trading on Friday . The stock traded as low as $6.4690 and last traded at $6.4690, with a volume of 118206 shares traded. The stock had previously closed at $6.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BTDPY shares. Royal Bank Of Canada upgraded shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Peel Hunt lowered Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Finally, Zacks Research raised 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 given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Down 2.7%

The firm’s 50-day simple moving average is $7.24 and its 200-day simple moving average is $9.21.

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.