Barratt Redrow (OTCMKTS:BTDPY) Sees Strong Trading Volume – Time to Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) saw unusually-high trading volume on Wednesday . Approximately 224,875 shares changed hands during mid-day trading, an increase of 169% from the previous session’s volume of 83,565 shares.The stock last traded at $10.50 and had previously closed at $10.59.

Wall Street Analysts Forecast Growth

BTDPY has been the topic of several analyst reports. The Goldman Sachs Group began coverage on Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating on the stock. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Peel Hunt lowered shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Jefferies Financial Group downgraded shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Barratt Redrow in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Barratt Redrow Trading Down 0.8%

The stock has a 50 day moving average price of $10.43 and a 200 day moving average price 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.

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.