Barratt Redrow (LON:BTRW) Downgraded by Citigroup to Buy

Citigroup downgraded shares of Barratt Redrow (LON:BTRW) to a buy rating in a research note released on Wednesday morning, MarketBeat reports.

Several other analysts also recently weighed in 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 Tuesday, May 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 348 price target on shares of Barratt Redrow in a report on Thursday, July 16th. Bank of America lowered their price objective on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research note on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 389.27.

Barratt Redrow Price Performance

Barratt Redrow stock opened at GBX 293 on Wednesday. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 410.29. The company has a market capitalization of £4.10 billion, a price-to-earnings ratio of 19.66 and a beta of 1.36. The firm’s fifty day moving average price is GBX 267.12 and its 200 day moving average price is GBX 302.57.

Insider Activity at Barratt Redrow

In other news, insider Geeta Nanda purchased 1,701 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average cost of GBX 294 per share, for a total transaction of £5,000.94. 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.