Barratt Redrow (LON:BTRW) Reaches New 52-Week Low – Should You Sell?

Barratt Redrow plc (LON:BTRW)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 359.70 ($4.86) and last traded at GBX 362.39 ($4.89), with a volume of 6650068 shares changing hands. The stock had previously closed at GBX 365.60 ($4.94).

Wall Street Analysts Forecast Growth

Several research analysts have commented on BTRW shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 536 price target on shares of Barratt Redrow in a report on Wednesday, July 16th. Citigroup cut their price target on shares of Barratt Redrow from GBX 591 to GBX 510 and set a “buy” rating for the company in a report on Wednesday, July 16th. Berenberg Bank cut their price target on shares of Barratt Redrow from GBX 485 to GBX 440 and set a “hold” rating for the company in a report on Monday, August 18th. Finally, Royal Bank Of Canada cut their price target on shares of Barratt Redrow from GBX 575 to GBX 550 and set an “outperform” rating for the company in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 509.

Barratt Redrow Trading Down 0.9%

The company has a market capitalization of £5.16 billion and a P/E ratio of 3,518.30. The business’s fifty day moving average price is GBX 397.39 and its 200-day moving average price is GBX 426.76.

Insiders Place Their Bets

In related news, insider Caroline Silver acquired 13,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was bought at an average cost of GBX 375 per share, with a total value of £48,750. Also, insider Mike Scott acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were bought at an average cost of GBX 386 per share, with a total value of £9,650. Insiders own 0.34% 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.