Barratt Redrow (OTCMKTS:BTDPY) Stock Price Down 7.1% – Here’s What Happened

Barratt Redrow plc. (OTCMKTS:BTDPY)’s share price traded down 7.1% during trading on Wednesday. The stock traded as low as $8.21 and last traded at $8.29. Approximately 5,500 shares changed hands during trading, a decline of 96% from the average session volume of 124,507 shares. The stock had previously closed at $8.9260.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BTDPY shares. Peel Hunt cut shares of Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 21st. UBS Group began coverage on shares of Barratt Redrow in a research note on Wednesday, September 9th. They issued 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company’s 50 day simple moving average is $8.26 and its 200-day simple moving average is $8.16.

About Barratt Redrow

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.