Barratt Redrow (OTCMKTS:BTDPY) Sets New 12-Month Low – Should You Sell?

Barratt Redrow plc. (OTCMKTS:BTDPY) shares reached a new 52-week low on Thursday . The stock traded as low as $6.44 and last traded at $6.50, with a volume of 7124 shares trading hands. The stock had previously closed at $6.79.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Peel Hunt cut Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

The firm has a 50-day moving average of $6.97 and a 200 day moving average of $8.77.

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.