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

Barratt Redrow plc. (OTCMKTS:BTDPY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $8.14, but opened at $8.57. Barratt Redrow shares last traded at $8.57, with a volume of 289 shares changing hands.

Wall Street Analyst Weigh In

BTDPY has been the subject of a number of recent research reports. UBS Group began coverage on Barratt Redrow in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Peel Hunt cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Berenberg Bank raised Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Up 5.3%

The business’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.60.

Barratt Redrow Company Profile

Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.

The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.