Barratt Redrow (OTCMKTS:BTDPY) Downgraded to “Hold” Rating by Peel Hunt

Peel Hunt lowered shares of Barratt Redrow (OTCMKTS:BTDPY) from a moderate buy rating to a hold rating in a research note published on Monday morning,Zacks reports.

Other equities analysts have also recently issued reports about the company. Berenberg Bank upgraded Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group assumed coverage on Barratt Redrow in a research note on Wednesday, September 9th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy”.

Barratt Redrow Price Performance

Shares of OTCMKTS:BTDPY opened at $8.07 on Monday. Barratt Redrow has a 12 month low of $6.38 and a 12 month high of $11.24. The stock’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.50.

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.