Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up - Should You Buy?

Key Points

• Barratt Redrow plc's share price gapped up, opening at $10.38, compared to a previous close of $10.07.
• Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating, contributing to an average rating of "Strong Buy" among analysts.
• The company specializes in housebuilding in the UK, developing a range of properties, from homes to mixed-use regeneration schemes.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $10.07, but opened at $10.38. Barratt Redrow shares last traded at $10.37, with a volume of 4,885 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating in a research note on Wednesday, July 23rd. Peel Hunt upgraded Barratt Redrow to a "strong-buy" rating in a research note on Thursday. Citigroup restated a "buy" rating on shares of Barratt Redrow in a research note on Thursday. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Barratt Redrow in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Strong Buy".

Barratt Redrow Trading Down 0.4%

The business has a 50-day moving average price of $10.12 and a two-hundred day moving average price of $11.29.

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.