Barratt Redrow (OTCMKTS:BTDPY) Shares Up 1.4% - Time to Buy?

Key Points

• Barratt Redrow shares increased by 1.4%, closing at $10.45, with a trading volume that rose by 28% compared to the average.
• The company has received multiple upgrades from analysts, with current ratings reflecting a consensus of "Strong Buy."
• Barratt Redrow announced a dividend of $0.2636 per share, representing a substantial yield of 357.0%, to be paid on December 1st to shareholders of record.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) shares were up 1.4% on Tuesday . The company traded as high as $10.52 and last traded at $10.45. Approximately 55,740 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 43,400 shares. The stock had previously closed at $10.31.

Analyst Upgrades and Downgrades

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

Barratt Redrow Stock Up 1.4%

The stock's 50 day moving average is $10.18 and its two-hundred day moving average is $11.22. 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 Announces Dividend

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

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.

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