Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Time to Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $7.65, but opened at $7.97. Barratt Redrow shares last traded at $7.97, with a volume of 886 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BTDPY shares. UBS Group started coverage on Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating on the stock. Peel Hunt cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Berenberg Bank upgraded shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Up 2.9%

The firm’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $7.58.

About Barratt Redrow

Barratt Redrow plc is a major residential property developer in the United Kingdom. The company acquires and develops land, designs and builds new homes, and creates residential communities for private buyers and affordable-housing providers.

The group operates through well-known brands including Barratt Homes, David Wilson Homes and Redrow. Its developments range from entry-level and family housing to larger, higher-specification properties, with related activities including land planning, infrastructure delivery and community amenities.