Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $7.99, but opened at $9.12. Barratt Redrow shares last traded at $9.13, with a volume of 2,157 shares.

Wall Street Analysts Forecast Growth

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

Barratt Redrow Stock Performance

The stock’s 50-day simple moving average is $8.19 and its two-hundred day simple moving average is $7.49.

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.