Barratt Redrow (LON:BTRW) Stock Price Down 0.9% – Time to Sell?

Shares of Barratt Redrow plc (LON:BTRW) were down 0.9% during trading on Monday. The company traded as low as GBX 305.50 and last traded at GBX 309.10. 4,638,617 shares traded hands during trading, a decline of 86% from the average session volume of 33,201,543 shares. The stock had previously closed at GBX 311.80.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BTRW shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 323 target price on shares of Barratt Redrow in a research report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 370 price objective on shares of Barratt Redrow in a report on Monday, September 21st. Citigroup lowered shares of Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 350 price objective on shares of Barratt Redrow in a research report on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Barratt Redrow has a consensus rating of “Moderate Buy” and an average target price of GBX 377.30.

Barratt Redrow Trading Down 0.2%

The stock has a market cap of £4.42 billion, a P/E ratio of 19.08 and a beta of 1.37. The company’s fifty day simple moving average is GBX 309.45 and its 200-day simple moving average is GBX 284.41.

Barratt Redrow (LON:BTRW) last released its quarterly earnings data on Wednesday, September 16th. The company reported GBX 26.10 EPS for the quarter. Barratt Redrow had a net margin of 4.02% and a return on equity of 3.13%.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 6,526 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of GBX 305 per share, with a total value of £19,904.30. 0.31% of the stock is owned by company insiders.

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.