Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Still a Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) gapped up before the market opened on Wednesday . The stock had previously closed at $7.3620, but opened at $7.7380. Barratt Redrow shares last traded at $7.69, with a volume of 64,835 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Berenberg Bank raised shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Royal Bank Of Canada raised shares of Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. Finally, Barclays cut Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $8.29.

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.