Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Still a Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) shares 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 changing hands.

Analysts Set New Price Targets

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

Barratt Redrow Stock Up 5.4%

The company has a 50 day moving average of $7.04 and a 200 day moving average of $8.29.

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. 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.