Barratt Redrow (OTCMKTS:BTDPY) Raised to “Strong-Buy” at Berenberg Bank

Barratt Redrow (OTCMKTS:BTDPY) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other analysts have also recently issued reports on BTDPY. Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. Zacks Research raised Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research 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 given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Barratt Redrow Trading Down 1.5%

Shares of OTCMKTS BTDPY opened at $7.58 on Friday. Barratt Redrow has a fifty-two week low of $6.38 and a fifty-two week high of $13.14. The stock has a fifty day moving average of $6.95 and a 200-day moving average of $8.51.

Barratt Redrow Company Profile

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.