Barratt Redrow (LON:BTRW) Shares Down 2.1% – Here’s What Happened

Barratt Redrow plc (LON:BTRW)’s share price dropped 2.1% on Wednesday . The company traded as low as GBX 304.40 and last traded at GBX 305.91. Approximately 4,815,110 shares changed hands during trading, a decline of 87% from the average daily volume of 36,479,484 shares. The stock had previously closed at GBX 312.60.

Analyst Ratings Changes

Several research analysts recently commented on BTRW shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 303 target price on shares of Barratt Redrow in a research report on Wednesday, August 12th. Citigroup downgraded Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 348 price target on shares of Barratt Redrow in a research note on Thursday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 390.55.

Barratt Redrow Trading Down 0.6%

The company’s 50-day moving average is GBX 300.91 and its two-hundred day moving average is GBX 286.50. The firm has a market cap of £4.26 billion, a P/E ratio of 20.43 and a beta of 1.36.

Insiders Place Their Bets

In other news, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of GBX 294 per share, with a total value of £5,000.94. Company 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.