Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – What’s Next?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $7.3620, but opened at $7.7380. Barratt Redrow shares last traded at $7.69, with a volume of 64,835 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on BTDPY. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Barclays downgraded Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada raised shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Berenberg Bank raised Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The firm has a 50-day simple moving average of $7.07 and a two-hundred day simple moving average of $8.25.

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.