Royal Bank Of Canada Upgrades Barratt Redrow (OTCMKTS:BTDPY) to “Moderate Buy”

Barratt Redrow (OTCMKTS:BTDPY) was upgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on BTDPY. Jefferies Financial Group lowered shares of Barratt Redrow from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt downgraded shares of Barratt Redrow from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 16th. Finally, Zacks Research cut shares of Barratt Redrow from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Barratt Redrow has an average rating of “Moderate Buy”.

Barratt Redrow Stock Down 0.1%

BTDPY stock opened at $7.00 on Wednesday. The business’s 50-day moving average is $9.18 and its two-hundred day moving average is $9.89. Barratt Redrow has a 1 year low of $6.69 and a 1 year high of $13.18.

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. 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.