Barratt Redrow (LON:BTRW) Price Target Cut to GBX 485 by Analysts at Berenberg Bank

Barratt Redrow (LON:BTRW) had its price target cut by equities research analysts at Berenberg Bank from GBX 540 ($7.23) to GBX 485 ($6.49) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 29.30% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada cut their price target on shares of Barratt Redrow from GBX 575 ($7.70) to GBX 550 ($7.36) and set an “outperform” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 536 ($7.18) price target on shares of Barratt Redrow in a report on Wednesday. Finally, Citigroup cut their price target on shares of Barratt Redrow from GBX 591 ($7.91) to GBX 510 ($6.83) and set a “buy” rating for the company in a report on Wednesday.

Barratt Redrow Trading Down 0.6%

BTRW stock opened at GBX 375.10 ($5.02) on Tuesday. Barratt Redrow has a 12 month low of GBX 362.50 ($4.85) and a 12 month high of GBX 507.40 ($6.79). The firm has a 50-day moving average of GBX 453.94 and a two-hundred day moving average of GBX 439.86.

Insider Buying and Selling at Barratt Redrow

In related news, insider Mike Scott acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was purchased at an average price of GBX 386 ($5.17) per share, with a total value of £9,650 ($12,920.07).

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.