Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Here’s Why

Barratt Redrow plc. (OTCMKTS:BTDPY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.89, but opened at $7.16. Barratt Redrow shares last traded at $7.28, with a volume of 116,761 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on BTDPY. Zacks Research upgraded shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Barclays lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada raised Barratt Redrow from a “hold” rating to a “moderate buy” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barratt Redrow Trading Up 6.6%

The company has a 50 day moving average of $6.93 and a two-hundred day moving average of $8.55.

Barratt Redrow Company Profile

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.