Barratt Redrow (OTCMKTS:BTDPY) Shares Up 12.7% – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY)’s share price was up 12.7% during trading on Thursday . The company traded as high as $8.35 and last traded at $8.35. Approximately 1,137 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 143,973 shares. The stock had previously closed at $7.41.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BTDPY shares. UBS Group assumed coverage on shares of Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating for the company. Berenberg Bank upgraded 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, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The firm has a 50-day moving average of $8.12 and a 200 day moving average of $7.53.

Barratt Redrow Company Profile

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.