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 $6.89, but opened at $7.16. Barratt Redrow shares last traded at $7.28, with a volume of 116,761 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada upgraded Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Barclays cut shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Barratt Redrow has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The firm has a 50 day simple moving average of $6.93 and a two-hundred day simple moving average of $8.55.

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.