Barratt Redrow (LON:BTRW) Reaches New 1-Year Low – What’s Next?

Barratt Redrow plc (LON:BTRW)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 240.60 and last traded at GBX 242.80, with a volume of 83195852 shares trading hands. The stock had previously closed at GBX 250.50.

Wall Street Analyst Weigh In

Several brokerages have commented on BTRW. Deutsche Bank Aktiengesellschaft downgraded shares of Barratt Redrow to a “buy” rating and lowered their price objective for the company from GBX 454 to GBX 366 in a research report on Monday, April 20th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th. Jefferies Financial Group restated a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a research report on Tuesday, May 5th. Royal Bank Of Canada upgraded Barratt Redrow to an “outperform” rating and decreased their target price for the company from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Finally, Bank of America lowered their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research note on Friday, March 27th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 402.40.

Barratt Redrow Stock Down 2.7%

The business’s 50 day simple moving average is GBX 269.59 and its two-hundred day simple moving average is GBX 340.70. The stock has a market cap of £3.42 billion, a P/E ratio of 16.36 and a beta of 1.36.

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

Insider Transactions at Barratt Redrow

In other news, insider Nigel Webb bought 15,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe purchased 5,789 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of GBX 323 per share, for a total transaction of £18,698.47. In the last ninety days, insiders acquired 26,476 shares of company stock valued at $8,294,841. Insiders own 0.30% 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.