Barratt Redrow (OTCMKTS:BTDPY) Sees Large Volume Increase - Time to Buy?

Key Points

• Barratt Redrow plc experienced a 14% increase in trading volume, with approximately 33,300 shares traded on Friday, down from a previous closed price of $10.08 to $9.98.
• Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating, contributing to an average rating of "Strong Buy" among analysts for the stock.
• The company's fifty-day moving average is $10.30, while the two-hundred day moving average stands at $11.32, indicating potential price depreciation.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) saw strong trading volume on Friday . 33,300 shares were traded during trading, an increase of 14% from the previous session's volume of 29,156 shares.The stock last traded at $9.98 and had previously closed at $10.08.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Barratt Redrow to a "strong-buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Barratt Redrow currently has an average rating of "Strong Buy".

Barratt Redrow Trading Down 0.7%

The company has a fifty day moving average of $10.26 and a two-hundred day moving average of $11.32.

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.