Barratt Redrow (LON:BTRW) Price Target Cut to GBX 486 by Analysts at Jefferies Financial Group

Barratt Redrow (LON:BTRW) had its price objective dropped by Jefferies Financial Group from GBX 487 to GBX 486 in a research report issued on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 26.33% from the company’s current price.

BTRW has been the topic of a number of other reports. UBS Group reaffirmed a “buy” rating and set a GBX 565 target price on shares of Barratt Redrow in a research report on Friday, September 5th. 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. Peel Hunt reissued a “buy” rating and set a GBX 470 target price on shares of Barratt Redrow in a research report on Wednesday, November 5th. Royal Bank Of Canada lowered their target price on shares of Barratt Redrow from GBX 575 to GBX 550 and set an “outperform” rating on the stock in a report on Wednesday, July 16th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 440 price target on shares of Barratt Redrow in a research note on Monday, September 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 508.14.

Barratt Redrow Stock Up 2.3%

Shares of LON BTRW opened at GBX 384.70 on Monday. The firm has a market cap of £5.45 billion and a PE ratio of 28.92. Barratt Redrow has a 12-month low of GBX 347.60 and a 12-month high of GBX 486.50. The company’s fifty day simple moving average is GBX 379.70 and its 200 day simple moving average is GBX 410.53.

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

Insider Activity at Barratt Redrow

In related news, insider Geeta Nanda purchased 1,347 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were bought at an average cost of GBX 369 per share, with a total value of £4,970.43. Also, insider Katie Bickerstaffe purchased 5,037 shares of Barratt Redrow stock in a transaction that occurred on Thursday, September 18th. The shares were bought at an average price of GBX 374 per share, with a total value of £18,838.38. Over the last three months, insiders acquired 19,659 shares of company stock valued at $7,385,556. 0.30% of the stock is owned by 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.