Royal Bank Of Canada Lowers Barratt Redrow (LON:BTRW) Price Target to GBX 550

Barratt Redrow (LON:BTRW) had its target price lowered by investment analysts at Royal Bank Of Canada from GBX 575 ($7.72) to GBX 550 ($7.39) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 45.38% from the stock’s previous close.

Barratt Redrow Stock Up 1.0%

Shares of BTRW opened at GBX 378.31 ($5.08) on Wednesday. The company has a 50 day moving average price of GBX 450.17 and a 200-day moving average price of GBX 439.02. Barratt Redrow has a fifty-two week low of GBX 362.50 ($4.87) and a fifty-two week high of GBX 507.40 ($6.81).

Insiders Place Their Bets

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

About Barratt Redrow

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.