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

Shares of 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.

Wall Street Analyst Weigh In

Several research firms have recently commented on BTDPY. Berenberg Bank upgraded shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, UBS Group began coverage on Barratt Redrow in a research report on Wednesday, September 9th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned 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 business’s fifty day moving average price is $8.10 and its two-hundred day moving average price is $7.54.

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.