Bank of America Cuts Barratt Redrow (LON:BTRW) Price Target to GBX 280

Barratt Redrow (LON:BTRW) had its price objective decreased by Bank of America from GBX 400 to GBX 280 in a research note issued to investors on Friday morning,London Stock Exchange reports. Bank of America currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on BTRW. Jefferies Financial Group decreased their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Citigroup increased their price objective on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Royal Bank Of Canada decreased their target price on shares of Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating on the stock in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 456.56.

Barratt Redrow Stock Performance

LON BTRW opened at GBX 253.40 on Friday. The business has a fifty day moving average price of GBX 347.72 and a 200 day moving average price of GBX 368.53. The company has a market cap of £3.58 billion, a P/E ratio of 17.01 and a beta of 1.30. Barratt Redrow has a one year low of GBX 249.30 and a one year high of GBX 486.50.

Barratt Redrow (LON:BTRW) last announced its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Buying and Selling at Barratt Redrow

In other news, insider Nigel Webb purchased 15,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe acquired 5,789 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of GBX 323 per share, with a total value of £18,698.47. 0.30% of the stock is owned by 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.