Barratt Redrow (LON:BTRW) Price Target Cut to GBX 440 by Analysts at Berenberg Bank

Barratt Redrow (LON:BTRW) had its price target reduced by Berenberg Bank from GBX 485 ($6.55) to GBX 440 ($5.94) in a research report sent to investors on Monday morning, Marketbeat.com reports. Berenberg Bank currently has a hold rating on the stock.

BTRW has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 536 ($7.24) target price on shares of Barratt Redrow in a research report on Wednesday, July 16th. Royal Bank Of Canada decreased their target price on Barratt Redrow from GBX 575 ($7.77) to GBX 550 ($7.43) and set an “outperform” rating for the company in a research report on Wednesday, July 16th. Finally, Citigroup decreased their target price on Barratt Redrow from GBX 591 ($7.98) to GBX 510 ($6.89) and set a “buy” rating for the company in a research report on Wednesday, July 16th.

Barratt Redrow Trading Up 0.2%

Shares of BTRW opened at GBX 376 ($5.08) on Monday. The stock has a 50 day moving average of GBX 414.93 and a 200-day moving average of GBX 431.42. Barratt Redrow has a 52 week low of GBX 362.50 ($4.90) and a 52 week high of GBX 507.40 ($6.85).

Insiders Place Their Bets

In related news, insider Mike Scott bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average cost of GBX 386 ($5.21) per share, for a total transaction of £9,650 ($13,035.26). Also, insider Caroline Silver bought 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was bought at an average price of GBX 375 ($5.07) per share, for a total transaction of £48,750 ($65,851.68).

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.