Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Should You Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped up prior to trading 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group initiated coverage on shares of Barratt Redrow in a report on Wednesday, September 9th. They set a “buy” rating on the stock. Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Peel Hunt lowered shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Barratt Redrow presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Up 5.3%

The business’s fifty day moving average is $8.25 and its 200-day moving average is $7.60.

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.