Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped up prior to trading on Tuesday . The stock had previously closed at $10.05, but opened at $10.58. Barratt Redrow shares last traded at $10.58, with a volume of 1,936 shares trading hands.

Wall Street Analysts Forecast Growth

BTDPY has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Barratt Redrow in a report on Thursday, September 18th. Peel Hunt raised shares of Barratt Redrow to a “strong-buy” rating in a report on Thursday, September 18th. Citigroup restated a “buy” rating on shares of Barratt Redrow in a research report on Thursday, September 18th. Finally, Kepler Capital Markets upgraded Barratt Redrow to a “strong-buy” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Barratt Redrow Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is $10.27 and its 200 day moving average is $11.11.

Barratt Redrow Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, October 13th will be paid a dividend of $0.2636 per share. This represents a dividend yield of 357.0%. The ex-dividend date of this dividend is Friday, October 10th.

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.