Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Time to Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $7.41, but opened at $8.15. Barratt Redrow shares last traded at $8.13, with a volume of 33,594 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BTDPY shares. UBS Group started coverage on Barratt Redrow in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Berenberg Bank raised Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Barclays downgraded shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barratt Redrow Stock Performance

The company has a 50 day moving average price of $8.10 and a 200 day moving average price of $7.54.

About Barratt Redrow

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.