Barratt Redrow plc. (OTCMKTS:BTDPY) Receives Average Rating of “Moderate Buy” from Analysts

Barratt Redrow plc. (OTCMKTS:BTDPY) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Several analysts have commented on BTDPY shares. The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating on the stock. Zacks Research upgraded Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Citigroup reissued a “buy” rating on shares of Barratt Redrow in a research note on Thursday, September 18th. Royal Bank Of Canada cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Peel Hunt raised Barratt Redrow to a “strong-buy” rating in a research note on Thursday, September 18th.

Barratt Redrow Trading Up 1.1%

Shares of OTCMKTS:BTDPY opened at $10.21 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a fifty day moving average price of $10.19 and a 200 day moving average price of $10.59. Barratt Redrow has a fifty-two week low of $9.39 and a fifty-two week high of $13.18.

Barratt Redrow Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 1st. Investors of record on Monday, October 13th were paid a dividend of $0.2636 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a yield of 357.0%.

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.