Barratt Redrow (LON:BTRW) Hits New 1-Year Low – Time to Sell?

Barratt Redrow plc (LON:BTRW)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 295.80 and last traded at GBX 396.60, with a volume of 20388217 shares changing hands. The stock had previously closed at GBX 400.60.

Analysts Set New Price Targets

Several research analysts have commented on BTRW shares. Citigroup dropped their price objective on shares of Barratt Redrow from GBX 591 to GBX 510 and set a “buy” rating for the company in a report on Wednesday, July 16th. UBS Group reiterated a “buy” rating and issued a GBX 565 target price on shares of Barratt Redrow in a research report on Friday, September 5th. Jefferies Financial Group cut their price target on Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 536 price objective on shares of Barratt Redrow in a research note on Wednesday, July 16th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 440 target price on shares of Barratt Redrow in a report on Monday, September 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 508.14.

Barratt Redrow Stock Performance

The firm’s 50 day simple moving average is GBX 381.23 and its 200-day simple moving average is GBX 409.69. The company has a market cap of £5.57 billion and a price-to-earnings ratio of 29.60.

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

Insiders Place Their Bets

In other Barratt Redrow news, insider Mike Scott bought 13,275 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average price of GBX 377 per share, with a total value of £50,046.75. Also, insider Katie Bickerstaffe purchased 5,037 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was acquired at an average cost of GBX 374 per share, with a total value of £18,838.38. Insiders bought 19,659 shares of company stock worth $7,385,556 in the last 90 days. 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.