Barratt Redrow (LON:BTRW) Lowered to “Sector perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Barratt Redrow (LON:BTRW) to a sector perform rating in a research note released on Tuesday, Marketbeat.com reports. Royal Bank Of Canada currently has GBX 450 price objective on the stock, down from their previous price objective of GBX 575.

Several other equities analysts have also issued reports on BTRW. Peel Hunt reissued a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a report on Wednesday, November 5th. The Goldman Sachs Group started coverage on Barratt Redrow in a report on Monday, November 24th. They set a “buy” rating and a GBX 449 target price on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 440 target price on shares of Barratt Redrow in a research note on Monday, September 8th. Jefferies Financial Group dropped their price target on Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 565 price objective on shares of Barratt Redrow in a research report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 488.25.

Barratt Redrow Trading Down 1.5%

Shares of LON:BTRW opened at GBX 382.52 on Tuesday. Barratt Redrow has a 1-year low of GBX 287.20 and a 1-year high of GBX 486.50. The stock has a market capitalization of £5.42 billion and a P/E ratio of 28.76. The business has a 50-day moving average price of GBX 385.71 and a two-hundred day moving average price of GBX 400.92.

Barratt Redrow (LON:BTRW) last posted its quarterly earnings results on Wednesday, September 17th. The company reported GBX 25.50 earnings per share for the quarter.

Insider Transactions at Barratt Redrow

In other news, insider Mike Scott acquired 13,275 shares of the stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of GBX 377 per share, with a total value of £50,046.75. Also, insider Geeta Nanda acquired 1,347 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was acquired at an average price of GBX 369 per share, with a total value of £4,970.43. Over the last three months, insiders have bought 22,572 shares of company stock worth $8,477,931. Insiders own 0.30% of the company’s stock.

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.