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

Barratt Redrow (LON:BTRW) had its price target decreased by stock analysts at Bank of America from GBX 400 to GBX 280 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 10.67% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Citigroup lifted their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a report on Monday, December 8th. Jefferies Financial Group cut their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. Finally, Royal Bank Of Canada lowered their price objective 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barratt Redrow currently has an average rating of “Moderate Buy” and an average target price of GBX 456.56.

Barratt Redrow Stock Performance

Shares of LON BTRW opened at GBX 253 on Friday. Barratt Redrow has a 1 year low of GBX 249.30 and a 1 year high of GBX 486.50. The firm has a market cap of £3.57 billion, a P/E ratio of 16.98 and a beta of 1.30. The stock has a fifty day moving average price of GBX 347.72 and a two-hundred day moving average price of GBX 368.53.

Barratt Redrow (LON:BTRW) last posted its quarterly earnings data 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%.

Insiders Place Their Bets

In related news, insider Nigel Webb purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe purchased 5,789 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of GBX 323 per share, with a total value of £18,698.47. 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.