Barratt Redrow (LON:BTRW) Stock Price Down 1.1% – Should You Sell?

Barratt Redrow plc (LON:BTRW)’s stock price dropped 1.1% during mid-day trading on Thursday . The company traded as low as GBX 439.30 ($5.97) and last traded at GBX 440.50 ($5.98). Approximately 3,030,659 shares changed hands during trading, a decline of 75% from the average daily volume of 11,958,064 shares. The stock had previously closed at GBX 445.50 ($6.05).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 540 ($7.33) price objective on shares of Barratt Redrow in a research note on Wednesday, February 12th.

Barratt Redrow Trading Down 1.1%

The company has a 50-day simple moving average of GBX 446.34 and a two-hundred day simple moving average of GBX 435.91.

Insider Buying and Selling

In other news, insider Mike Scott acquired 4,750 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The shares were acquired at an average cost of GBX 436 ($5.92) per share, with a total value of £20,710 ($28,123.30).

Barratt Redrow Company Profile

Barratt Redrow plc is an exceptional FTSE 100 listed UK home builder, building the homes the country needs, and dedicated to quality, service and sustainability.

Together, we offer a range of highly respected and complementary brands, Barratt, David Wilson and Redrow.

We put our customers at the heart of everything we do, through our focus on:

✅ Quality – We deliver high-quality, energy-efficient homes which are built to the highest standards.