Barratt Redrow (OTCMKTS:BTDPY) Cut to “Hold” at Peel Hunt

Barratt Redrow (OTCMKTS:BTDPY) was downgraded by investment analysts at Peel Hunt from a “moderate buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. UBS Group initiated coverage on shares of Barratt Redrow in a research note on Wednesday, September 9th. They issued a “buy” rating for the company. Berenberg Bank upgraded shares of Barratt Redrow from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Performance

Shares of Barratt Redrow stock opened at $8.07 on Monday. Barratt Redrow has a 52-week low of $6.38 and a 52-week high of $11.24. The stock’s 50-day simple moving average is $8.16 and its 200 day simple moving average is $7.50.

About Barratt Redrow

Barratt Redrow plc is a United Kingdom-based residential property developer formed through the combination of Barratt Developments and Redrow. The group designs and builds new homes for private buyers, affordable-housing providers and other institutional customers.

The company operates through established housing brands that include Barratt Homes, David Wilson Homes, Barratt London and Redrow. Its activities cover land acquisition, planning, site development and construction, as well as the sale of houses and apartments in a range of locations and price segments.

Barratt Redrow serves communities across England, Wales and Scotland.