Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Down – What’s Next?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.92, but opened at $7.68. Barratt Redrow shares last traded at $7.65, with a volume of 2,714 shares.

Analyst Ratings Changes

BTDPY has been the subject of a number of research reports. Berenberg Bank upgraded shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Barclays lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, UBS Group began coverage on shares of Barratt Redrow in a research note on Wednesday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Trading Down 0.5%

The business’s 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $7.60.

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.