Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase – What’s Next?

Barratt Redrow plc. (OTCMKTS:BTDPY) saw an uptick in trading volume on Friday . 114,957 shares were traded during trading, an increase of 66% from the previous session’s volume of 69,341 shares.The stock last traded at $10.5450 and had previously closed at $10.52.

Wall Street Analyst Weigh In

BTDPY has been the topic of several research reports. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group assumed coverage on Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada lowered Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

The company has a fifty day simple moving average of $10.17 and a two-hundred day simple moving average of $10.26. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.03.

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.