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 $8.14, but opened at $8.57. Barratt Redrow shares last traded at $8.57, with a volume of 289 shares traded.

Analysts Set New Price Targets

BTDPY has been the subject of several recent research reports. UBS Group initiated coverage on shares of Barratt Redrow in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Peel Hunt lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Trading Up 0.9%

The firm has a fifty day moving average of $8.24 and a 200 day moving average of $7.63.

About Barratt Redrow

Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.

The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.