Barratt Redrow (OTCMKTS:BTDPY) Rating Increased to Strong-Buy at Peel Hunt

Key Points

• Barratt Redrow has received a "strong-buy" rating upgrade from Peel Hunt, contributing to a favorable consensus rating of "Strong Buy" from analysts.
• In addition to Peel Hunt, Citigroup and Royal Bank of Canada have reaffirmed positive ratings, indicating growing confidence in Barratt Redrow's stock performance.
• The company's shares are currently trading at $10.19, with a one-year price range between $9.39 and $13.30.

Peel Hunt upgraded shares of Barratt Redrow (OTCMKTS:BTDPY - Free Report) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

BTDPY has been the subject of a number of other reports. Citigroup reaffirmed a "buy" rating on shares of Barratt Redrow in a research note on Thursday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barratt Redrow in a research note on Thursday. Finally, Kepler Capital Markets raised shares of Barratt Redrow to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Barratt Redrow Stock Down 1.0%

Shares of BTDPY stock traded down $0.10 during trading hours on Thursday, reaching $10.09. The stock had a trading volume of 30,790 shares, compared to its average volume of 41,364. Barratt Redrow has a twelve month low of $9.39 and a twelve month high of $13.30. The firm has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $11.29.

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.