Barratt Redrow (LON:BTRW) Rating Lowered to “Buy” at Citigroup

Barratt Redrow (LON:BTRW) was downgraded by investment analysts at Citigroup to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat reports.

A number of other research analysts also recently issued reports on the company. Bank of America dropped their price target on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a research note on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price objective on shares of Barratt Redrow in a report on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research report on Tuesday, May 5th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 348 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Stock Performance

BTRW opened at GBX 290.50 on Wednesday. Barratt Redrow has a one year low of GBX 235.40 and a one year high of GBX 410.29. The stock has a market capitalization of £4.07 billion, a P/E ratio of 19.50 and a beta of 1.36. The business’s 50-day simple moving average is GBX 267.92 and its 200-day simple moving average is GBX 301.95.

Insider Activity

In other Barratt Redrow news, insider Geeta Nanda bought 1,701 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of GBX 294 per share, with a total value of £5,000.94. Company 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.