Barratt Redrow plc. (OTCMKTS:BTDPY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Barratt Redrow plc. (OTCMKTS:BTDPY) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages recently issued reports on BTDPY. Peel Hunt cut Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research report on Monday, September 21st. UBS Group assumed coverage on Barratt Redrow in a research note on Wednesday, September 9th. They set a “buy” rating on the stock. Finally, Berenberg Bank upgraded shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at $7.94 on Thursday. Barratt Redrow has a 52 week low of $6.38 and a 52 week high of $11.24. The business has a 50 day moving average price of $8.27 and a 200-day moving average price of $7.57.

About Barratt Redrow

Barratt Redrow plc is a major residential property developer in the United Kingdom. The company acquires and develops land, designs and builds new homes, and creates residential communities for private buyers and affordable-housing providers.

The group operates through well-known brands including Barratt Homes, David Wilson Homes and Redrow. Its developments range from entry-level and family housing to larger, higher-specification properties, with related activities including land planning, infrastructure delivery and community amenities.