Barratt Redrow (OTCMKTS:BTDPY) Cut to Hold at Peel Hunt

Peel Hunt lowered shares of Barratt Redrow (OTCMKTS:BTDPY) from a moderate buy rating to a hold rating in a research report released on Monday morning,Zacks reports.

Several other equities analysts also recently commented on the company. Berenberg Bank upgraded Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group initiated coverage on 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 given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

BTDPY opened at $7.95 on Monday. Barratt Redrow has a fifty-two week low of $6.38 and a fifty-two week high of $11.24. The firm’s fifty day moving average is $8.18 and its 200 day moving average is $7.50.

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.