Barratt Redrow (LON:BTRW) Given New GBX 450 Price Target at Citigroup

Barratt Redrow (LON:BTRW) had its price objective lowered by Citigroup from GBX 490 to GBX 450 in a research report sent to investors on Monday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

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

Barratt Redrow Stock Performance

Shares of LON BTRW opened at GBX 268 on Monday. The company has a market capitalization of £3.77 billion, a P/E ratio of 17.99 and a beta of 1.43. Barratt Redrow has a 52-week low of GBX 249.30 and a 52-week high of GBX 486.50. The company’s 50 day moving average price is GBX 307.29 and its 200-day moving average price is GBX 355.64.

Barratt Redrow (LON:BTRW) last posted 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 Buying and Selling

In related news, insider Katie Bickerstaffe bought 5,687 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average price of GBX 262 per share, with a total value of £14,899.94. Also, insider Nigel Webb bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average cost of GBX 329 per share, for a total transaction of £49,350. Insiders have acquired a total of 26,476 shares of company stock valued at $8,294,841 over the last three months. Corporate 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.