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

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up prior to trading 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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BTDPY shares. Berenberg Bank upgraded Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Peel Hunt downgraded Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, UBS Group started coverage on Barratt Redrow in a research note on Wednesday, September 9th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

The stock’s 50 day moving average price is $8.28 and its two-hundred day moving average price is $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.