Barratt Redrow (OTCMKTS:BTDPY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Barratt Redrow (OTCMKTS:BTDPY) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research firms have also commented on BTDPY. Peel Hunt lowered shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday. The Goldman Sachs Group initiated coverage on Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. Finally, Jefferies Financial Group lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 1.6%

BTDPY stock opened at $10.33 on Tuesday. Barratt Redrow has a 1 year low of $9.39 and a 1 year high of $13.18. The business has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $10.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78.

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.