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

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $7.99, but opened at $9.12. Barratt Redrow shares last traded at $9.13, with a volume of 2,157 shares traded.

Analyst Ratings Changes

BTDPY has been the topic 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. Peel Hunt downgraded shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, UBS Group initiated coverage on Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Up 12.1%

The stock has a 50 day simple moving average of $8.19 and a 200-day simple moving average of $7.49.

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.