Barratt Redrow (LON:BTRW) Hits New 52-Week Low – Here’s What Happened

Barratt Redrow plc (LON:BTRW) reached a new 52-week low on Friday . The company traded as low as GBX 240.60 and last traded at GBX 242.80, with a volume of 83195852 shares trading hands. The stock had previously closed at GBX 250.50.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a report on Monday, April 20th. Jefferies Financial Group reissued a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a report on Tuesday, May 5th. Bank of America dropped their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut shares of Barratt Redrow to a “buy” rating and reduced their price target for the company from GBX 454 to GBX 366 in a research report on Monday, April 20th. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow presently has an average rating of “Moderate Buy” and a consensus price target of GBX 402.40.

Barratt Redrow Trading Down 2.7%

The company has a market capitalization of £3.42 billion, a P/E ratio of 16.36 and a beta of 1.36. The stock’s fifty day moving average is GBX 267.78 and its 200 day moving average is GBX 340.02.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 EPS for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Nigel Webb purchased 15,000 shares of the stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe acquired 5,789 shares of the company’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of GBX 323 per share, with a total value of £18,698.47. In the last 90 days, insiders have purchased 26,476 shares of company stock worth $8,294,841. 0.30% 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.