Barratt Redrow (OTCMKTS:BTDPY) Shares Up 12.7% – What’s Next?

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. UBS Group initiated coverage on shares of Barratt Redrow in a research report on Wednesday, September 9th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 2.3%

The firm’s fifty day moving average price is $8.15 and its 200 day moving average price is $7.52.

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.