Citigroup Issues Pessimistic Forecast for Barratt Redrow (LON:BTRW) Stock Price

Barratt Redrow (LON:BTRWGet Free Report) had its target price dropped by Citigroup from GBX 591 ($7.94) to GBX 510 ($6.85) in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 34.81% from the company’s current price.

Separately, Royal Bank Of Canada decreased their target price on shares of Barratt Redrow from GBX 575 ($7.72) to GBX 550 ($7.39) and set an “outperform” rating on the stock in a research report on Wednesday.

View Our Latest Report on BTRW

Barratt Redrow Trading Up 1.0%

LON BTRW opened at GBX 378.31 ($5.08) on Wednesday. The business’s 50 day moving average is GBX 450.17 and its two-hundred day moving average is GBX 439.02. Barratt Redrow has a 12-month low of GBX 362.50 ($4.87) and a 12-month high of GBX 507.40 ($6.81).

Insider Transactions at Barratt Redrow

In related news, insider Caroline Silver acquired 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was purchased at an average price of GBX 375 ($5.04) per share, for a total transaction of £48,750 ($65,462.60). Also, insider Mike Scott bought 2,500 shares of Barratt Redrow stock in a transaction on Tuesday, July 15th. The stock was purchased at an average price of GBX 386 ($5.18) per share, for a total transaction of £9,650 ($12,958.24).

About Barratt Redrow

(Get Free Report)

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.

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