Barratt Redrow (OTCMKTS:BTDPY) Shares Gap Up – Time to Buy?

Barratt Redrow plc. (OTCMKTS:BTDPY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.89, but opened at $7.16. Barratt Redrow shares last traded at $7.28, with a volume of 116,761 shares trading hands.

Analysts Set New Price Targets

BTDPY has been the subject of a number of recent analyst reports. Zacks Research upgraded Barratt Redrow from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Royal Bank Of Canada upgraded Barratt Redrow from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. Finally, Barclays lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Barratt Redrow currently has an average rating of “Moderate Buy”.

Barratt Redrow Stock Up 4.7%

The firm has a 50 day moving average of $6.94 and a 200-day moving average of $8.51.

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.