Royal Bank Of Canada Cuts Barratt Redrow (LON:BTRW) Price Target to GBX 425

Barratt Redrow (LON:BTRW) had its price objective lowered by Royal Bank Of Canada from GBX 450 to GBX 425 in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages have also recently weighed in on BTRW. Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a research note on Wednesday, November 5th. Jefferies Financial Group lowered their price target on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a report on Monday, January 19th. Citigroup lifted their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, 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 on the stock. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 478.63.

Barratt Redrow Stock Performance

BTRW opened at GBX 386.65 on Thursday. The firm’s fifty day moving average is GBX 379.34 and its two-hundred day moving average is GBX 379.44. The firm has a market cap of £5.45 billion and a PE ratio of 29.07. Barratt Redrow has a twelve month low of GBX 287.20 and a twelve month high of GBX 486.50.

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.

Insider Buying and Selling

In related news, insider Katie Bickerstaffe purchased 2,913 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of GBX 375 per share, with a total value of £10,923.75. 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.