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

Barratt Redrow (LON:BTRW) had its price objective reduced by equities research analysts at Royal Bank Of Canada from GBX 450 to GBX 425 in a report issued on Thursday,Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.37% from the stock’s current price.

Several other research firms have also recently commented on BTRW. Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a report on Wednesday, November 5th. Jefferies Financial Group dropped their target price on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. The Goldman Sachs Group started coverage on Barratt Redrow in a report on Monday, November 24th. They set a “buy” rating and a GBX 449 price target on the stock. Finally, Citigroup boosted their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research report on Monday, December 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 478.63.

Barratt Redrow Trading Up 1.0%

LON:BTRW opened at GBX 392.16 on Thursday. The company has a market cap of £5.53 billion and a P/E ratio of 29.49. Barratt Redrow has a twelve month low of GBX 287.20 and a twelve month high of GBX 486.50. The company’s 50-day moving average price is GBX 378.86 and its 200-day moving average price is GBX 379.25.

Barratt Redrow (LON:BTRW) last announced its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 earnings per share (EPS) for the quarter.

Insider Activity at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 2,913 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of GBX 375 per share, with a total value of £10,923.75. 0.30% of the stock is currently owned by company insiders.

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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.