Barratt Redrow (LON:BTRW) Price Target Cut to GBX 414 by Analysts at Jefferies Financial Group

Barratt Redrow (LON:BTRW) had its price objective cut by analysts at Jefferies Financial Group from GBX 447 to GBX 414 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 9.35% from the company’s previous close.

A number of other analysts have also weighed in on BTRW. Royal Bank Of Canada lowered shares of Barratt Redrow to a “sector perform” rating and lowered their price objective for the stock from GBX 575 to GBX 450 in a research note on Tuesday, December 2nd. The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating and a GBX 449 price target for the company. Citigroup upped their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and an average target price of GBX 481.75.

Barratt Redrow Stock Performance

LON BTRW traded down GBX 2 on Monday, reaching GBX 378.60. 2,227,005 shares of the stock traded hands, compared to its average volume of 13,944,848. Barratt Redrow has a 12 month low of GBX 287.20 and a 12 month high of GBX 486.50. The company has a market cap of £5.35 billion and a price-to-earnings ratio of 28.47. The company has a fifty day moving average price of GBX 377.13 and a 200-day moving average price of GBX 380.59.

Insider Buying and Selling at Barratt Redrow

In other news, insider Katie Bickerstaffe acquired 2,913 shares of Barratt Redrow stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of GBX 375 per share, for a total transaction of £10,923.75. Corporate 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.