Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped up prior to trading on Wednesday . The stock had previously closed at $7.41, but opened at $8.15. Barratt Redrow shares last traded at $8.13, with a volume of 33,594 shares trading hands.

Analysts Set New Price Targets

BTDPY has been the topic of a number of analyst reports. Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. UBS Group began coverage on shares of Barratt Redrow in a report on Wednesday, September 9th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Up 1.5%

The business has a 50 day moving average price of $8.13 and a two-hundred day moving average price of $7.52.

Barratt Redrow Company Profile

Barratt Redrow plc is a United Kingdom-based residential property developer formed through the combination of Barratt Developments and Redrow. The group designs and builds new homes for private buyers, affordable-housing providers and other institutional customers.

The company operates through established housing brands that include Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities cover land acquisition, planning, site development and construction, as well as the sale of houses and apartments in a range of locations and price segments.

Barratt Redrow serves communities across England, Wales and Scotland.