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

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

A number of analysts have recently commented on the stock. UBS Group initiated coverage on shares of Barratt Redrow in a research note on Wednesday, September 9th. They issued a “buy” rating for the company. Berenberg Bank upgraded Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Peel Hunt downgraded Barratt Redrow from a “moderate buy” rating to a “hold” rating in a research note on Monday, September 21st.

Barratt Redrow Trading Down 0.7%

OTCMKTS BTDPY opened at $8.49 on Thursday. Barratt Redrow has a one year low of $6.38 and a one year high of $11.24. The stock has a 50-day moving average of $8.25 and a 200 day moving average of $7.62.

About Barratt Redrow

Barratt Redrow plc is a United Kingdom-based residential property developer created through the combination of Barratt Developments and Redrow. The company builds and sells new homes for a range of buyers, including first-time purchasers, families and customers seeking higher-specification properties.

The group operates through established brands including Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities generally include land acquisition, residential planning and design, construction, marketing and the sale of houses and apartments.