Barratt Redrow (OTCMKTS:BTDPY) Shares Up 1.3% - Here's Why

Key Points

• Shares of Barratt Redrow plc rose by 1.3% in mid-day trading, reaching a last traded price of $10.22, with an increased trading volume of 47,024 shares.
• Several brokerages have issued favorable ratings for Barratt Redrow, with analysts from Royal Bank of Canada and Citigroup maintaining an "outperform" and "buy" rating, respectively.
• The stock currently holds a consensus rating of "Strong Buy", highlighting positive sentiment among analysts regarding its future performance.

Shares of Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) shot up 1.3% during mid-day trading on Tuesday . The company traded as high as $10.26 and last traded at $10.22. 47,024 shares were traded during mid-day trading, an increase of 12% from the average session volume of 41,872 shares. The stock had previously closed at $10.09.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BTDPY. Royal Bank Of Canada restated an "outperform" rating on shares of Barratt Redrow in a research note on Thursday, September 18th. Citigroup reissued a "buy" rating on shares of Barratt Redrow in a report on Thursday, September 18th. Peel Hunt raised Barratt Redrow to a "strong-buy" rating in a report on Thursday, September 18th. Finally, Kepler Capital Markets raised Barratt Redrow to a "strong-buy" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Barratt Redrow Stock Up 1.3%

The company has a fifty day moving average price of $10.09 and a 200-day moving average price of $11.28.

About Barratt Redrow

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.

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