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

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) gapped up before the market opened on Wednesday. The stock had previously closed at $7.65, but opened at $7.97. Barratt Redrow shares last traded at $7.97, with a volume of 886 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Barratt Redrow in a research report on Wednesday, September 9th. They issued a “buy” rating on the stock. Berenberg Bank raised Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Peel Hunt cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Up 3.0%

The business has a fifty day moving average price of $8.28 and a 200 day moving average price of $7.56.

Barratt Redrow Company Profile

Barratt Redrow plc is a major residential property developer in the United Kingdom. The company acquires and develops land, designs and builds new homes, and creates residential communities for private buyers and affordable-housing providers.

The group operates through well-known brands including Barratt Homes, David Wilson Homes and Redrow. Its developments range from entry-level and family housing to larger, higher-specification properties, with related activities including land planning, infrastructure delivery and community amenities.