Barratt Redrow (OTCMKTS:BTDPY) Upgraded by Berenberg Bank to “Strong-Buy” Rating

Berenberg Bank upgraded shares of Barratt Redrow (OTCMKTS:BTDPY) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Barclays lowered Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Barratt Redrow Price Performance

BTDPY stock opened at $7.58 on Friday. Barratt Redrow has a 52 week low of $6.38 and a 52 week high of $13.14. The company’s 50-day moving average price is $6.95 and its 200 day moving average price is $8.51.

About Barratt Redrow

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.