Barratt Redrow (OTCMKTS:BTDPY) Trading Down 1.4% - Here's Why

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.

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

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Barratt Redrow to a "strong-buy" rating in a report on Wednesday, July 23rd.

Barratt Redrow Stock Down 1.4%

The company has a 50 day moving average of $11.29 and a 200 day moving average of $11.48.

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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