Barratt Redrow (OTCMKTS:BTDPY) Hits New 52-Week Low - Here's Why

Key Points

• Barratt Redrow plc stock reached a new 52-week low, trading down to $9.41 during mid-day trading, with a last traded price of $9.46.
• Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating, contributing to a consensus "Strong Buy" rating from two analysts.
• The company has a 50-day simple moving average of $10.75 and a 200-day moving average of $11.39, indicating its recent performance trend.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $9.41 and last traded at $9.46, with a volume of 1198 shares traded. The stock had previously closed at $9.77.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Barratt Redrow Stock Performance

The firm has a 50 day simple moving average of $10.49 and a 200 day simple moving average of $11.34.

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.