Royal Bank Of Canada Issues Pessimistic Forecast for Barratt Redrow (LON:BTRW) Stock Price

Barratt Redrow (LON:BTRW) had its price target dropped by stock analysts at Royal Bank Of Canada from GBX 450 to GBX 425 in a report issued on Thursday, MarketBeat.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.92% from the company’s previous close.

Several other equities analysts have also issued reports on BTRW. The Goldman Sachs Group started 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. Peel Hunt reissued a “buy” rating and issued a GBX 470 target price on shares of Barratt Redrow in a research note on Wednesday, November 5th. Jefferies Financial Group dropped their price target on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research report on Monday, January 19th. Finally, Citigroup lifted their price objective on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Barratt Redrow presently has a consensus rating of “Moderate Buy” and an average target price of GBX 478.63.

Barratt Redrow Trading Down 1.6%

Shares of LON:BTRW opened at GBX 386.65 on Thursday. Barratt Redrow has a 1-year low of GBX 287.20 and a 1-year high of GBX 486.50. The stock has a market capitalization of £5.45 billion and a P/E ratio of 29.07. The business has a 50-day moving average price of GBX 379.34 and a two-hundred day moving average price of GBX 379.43.

Barratt Redrow (LON:BTRW) last posted its quarterly earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter.

Insiders Place Their Bets

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 2,913 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of GBX 375 per share, with a total value of £10,923.75. 0.30% of the stock is currently owned by company 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.