Barratt Redrow (LON:BTRW) Rating Lowered to Sector perform at Royal Bank Of Canada

Barratt Redrow (LON:BTRW) was downgraded by equities research analysts at Royal Bank Of Canada to a “sector perform” rating in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 450 target price on the stock, down from their prior target price of GBX 575. Royal Bank Of Canada’s target price would suggest a potential upside of 19.87% from the stock’s current price.

BTRW has been the subject of several other reports. UBS Group reissued a “buy” rating and issued a GBX 565 price target on shares of Barratt Redrow in a report on Friday, September 5th. Jefferies Financial Group reduced their target price on Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating for the company in a report on Monday, November 10th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 440 price target on shares of Barratt Redrow in a research note on Monday, September 8th. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating and a GBX 449 price target for the company. Finally, Peel Hunt reissued a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Barratt Redrow presently has a consensus rating of “Moderate Buy” and an average target price of GBX 488.25.

Barratt Redrow Stock Down 1.7%

Shares of LON:BTRW opened at GBX 375.41 on Tuesday. Barratt Redrow has a fifty-two week low of GBX 287.20 and a fifty-two week high of GBX 486.50. The firm’s 50-day simple moving average is GBX 385.69 and its 200-day simple moving average is GBX 400.74. The company has a market cap of £5.32 billion and a price-to-earnings ratio of 28.23.

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

Insider Activity at Barratt Redrow

In other news, insider Katie Bickerstaffe purchased 2,913 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of GBX 375 per share, with a total value of £10,923.75. Also, insider Mike Scott purchased 13,275 shares of the stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of GBX 377 per share, with a total value of £50,046.75. Insiders have purchased a total of 22,572 shares of company stock valued at $8,477,931 over the last quarter. Insiders own 0.30% of the company’s stock.

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.