Barratt Redrow plc. (OTCMKTS:BTDPY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Barratt Redrow plc (OTCMKTS:BTDPY) has a consensus analyst rating of Moderate Buy from seven brokerages, comprising four buys, two holds and one strong buy.
• Recent analyst actions: Royal Bank of Canada upgraded the stock from hold to moderate buy, Peel Hunt downgraded it from strong-buy to moderate buy, and Zacks moved it from strong sell to hold.
• Shares opened at $7.21 and were trading up about 1.7%, with a 50‑day SMA of $8.15, 200‑day SMA of $9.58, and a 12‑month range of $6.61 to $13.18.

Barratt Redrow plc. (OTCMKTS:BTDPY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

BTDPY has been the subject of several recent analyst reports. Royal Bank Of Canada upgraded Barratt Redrow from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, April 1st. Peel Hunt cut Barratt Redrow from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 16th. Finally, Zacks Research upgraded Barratt Redrow from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 14th.

Barratt Redrow Trading Up 1.7%

Shares of OTCMKTS:BTDPY opened at $7.21 on Thursday. The stock has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $9.58. Barratt Redrow has a 12-month low of $6.61 and a 12-month high of $13.18.

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. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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