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Barratt Redrow (OTCMKTS:BTDPY) Shares Down 1.4% - What's Next?

Barratt Redrow logo with Construction background

Key Points

  • Barratt Redrow plc shares fell by 1.4% to last trade at $10.04, with a trading volume below the average at 57,080 shares.
  • Despite the decline, Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating, indicating potential for growth.
  • The company's moving averages are $11.29 for the 50-day and $11.48 for the 200-day, suggesting it might be undervalued relative to recent performance.
  • Five stocks to consider instead of Barratt Redrow.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) shares were down 1.4% during trading on Monday . The company traded as low as $9.98 and last traded at $10.04. Approximately 57,080 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 63,012 shares. The stock had previously closed at $10.18.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Barratt Redrow has an average rating of "Strong Buy".

View Our Latest Stock Analysis on BTDPY

Barratt Redrow Price Performance

The business has a 50-day moving average of $11.07 and a 200 day moving average of $11.44.

Barratt Redrow Company Profile

(Get Free Report)

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.

Further Reading

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