Barratt Redrow plc. (OTCMKTS:BTDPY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently weighed in on BTDPY. Berenberg Bank upgraded Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group initiated coverage on shares of Barratt Redrow in a research note on Wednesday, September 9th. They issued a “buy” rating on the stock. Finally, Peel Hunt lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Monday.

Barratt Redrow Trading Up 2.5%

Shares of OTCMKTS BTDPY opened at $8.27 on Friday. The business’s 50 day moving average price is $8.17 and its 200-day moving average price is $7.50. Barratt Redrow has a fifty-two week low of $6.38 and a fifty-two week high of $11.24.

About Barratt Redrow

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.