Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Wednesday, MarketBeat Ratings reports. They presently have a GBX 536 ($7.20) target price on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 41.68% from the stock’s previous close.

BTRW has been the topic of several other reports. Citigroup dropped their price target on shares of Barratt Redrow from GBX 591 ($7.94) to GBX 510 ($6.85) and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their price objective 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 note on Wednesday.

Barratt Redrow Price Performance

Shares of LON:BTRW opened at GBX 378.31 ($5.08) on Wednesday. Barratt Redrow has a 12 month low of GBX 362.50 ($4.87) and a 12 month high of GBX 507.40 ($6.81). The stock’s 50 day moving average price is GBX 450.17 and its 200 day moving average price is GBX 439.02.

Insider Transactions at Barratt Redrow

In related news, insider Mike Scott purchased 2,500 shares of the stock in a transaction dated Tuesday, July 15th. The shares were acquired at an average cost of GBX 386 ($5.18) per share, for a total transaction of £9,650 ($12,958.24). Also, insider Caroline Silver bought 13,000 shares of the stock in a transaction 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).

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.