Barratt Redrow (LON:BTRW) Downgraded by Deutsche Bank Aktiengesellschaft to Buy

Deutsche Bank Aktiengesellschaft downgraded shares of Barratt Redrow (LON:BTRW) to a buy rating in a research report report published on Monday, Marketbeat Ratings reports. They currently have GBX 366 price objective on the stock, down from their prior price objective of GBX 454.

A number of other research firms have also recently issued reports on BTRW. Jefferies Financial Group restated a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research note on Thursday, April 16th. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and lowered their price target for the company from GBX 425 to GBX 350 in a report on Wednesday, April 1st. Citigroup cut their price objective on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus restated a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a report on Wednesday, April 15th. Finally, Bank of America decreased their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 402.40.

Barratt Redrow Trading Down 4.0%

BTRW opened at GBX 268 on Monday. The stock’s fifty day simple moving average is GBX 307.29 and its 200 day simple moving average is GBX 355.64. Barratt Redrow has a 1-year low of GBX 249.30 and a 1-year high of GBX 486.50. The stock has a market cap of £3.77 billion, a PE ratio of 17.99 and a beta of 1.43.

Barratt Redrow (LON:BTRW) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 EPS for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Activity

In other Barratt Redrow news, insider Nigel Webb acquired 15,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe acquired 5,789 shares of the company’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of GBX 323 per share, with a total value of £18,698.47. Insiders purchased 26,476 shares of company stock worth $8,294,841 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.