Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Down - Should You Sell?

Key Points

• Barratt Redrow's shares opened lower at $10.12 after closing at $10.45, indicating a gap down in the stock price.
• Several brokerages have recently given Barratt Redrow a consensus rating of "Strong Buy," with upgrades from Citigroup, Peel Hunt, and Royal Bank of Canada.
• The company declared a dividend of $0.2636 per share, set to be paid on December 1st, which represents a notable yield of 357.0%.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $10.45, but opened at $10.12. Barratt Redrow shares last traded at $10.12, with a volume of 1,067 shares.

Analyst Ratings Changes

Several brokerages have weighed in on BTDPY. Citigroup restated a "buy" rating on shares of Barratt Redrow in a research report on Thursday, September 18th. Peel Hunt upgraded shares of Barratt Redrow to a "strong-buy" rating in a research report on Thursday, September 18th. Royal Bank Of Canada restated an "outperform" rating on shares of Barratt Redrow in a research report on Thursday, September 18th. Finally, Kepler Capital Markets upgraded shares of Barratt Redrow to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Barratt Redrow Trading Down 2.6%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.78 and a current ratio of 0.78. The firm's 50 day moving average is $10.16 and its 200-day moving average is $11.23.

Barratt Redrow Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, October 13th will be paid a dividend of $0.2636 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 357.0%.

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.

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