Barratt Redrow (OTCMKTS:BTDPY) Cut to Moderate Buy at Peel Hunt

Peel Hunt cut shares of Barratt Redrow (OTCMKTS:BTDPY) from a strong-buy rating to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group lowered Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. The Goldman Sachs Group began coverage on shares of Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Barratt Redrow in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at $10.50 on Monday. The business has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.29. Barratt Redrow has a fifty-two week low of $9.39 and a fifty-two week high of $13.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.78 and a quick ratio of 0.78.

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.