Barratt Redrow (LON:BTRW) Price Target Lowered to GBX 366 at Deutsche Bank Aktiengesellschaft

Barratt Redrow (LON:BTRW) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 454 to GBX 366 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 37.75% from the company’s current price.

A number of other equities research analysts have also recently issued reports on BTRW. Bank of America dropped their target price on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a report on Friday, March 27th. Stifel Nicolaus restated a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a research note on Wednesday, April 15th. Citigroup cut their price objective on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research report on Monday, April 20th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada raised Barratt Redrow to an “outperform” rating and decreased their target price for the stock from GBX 425 to GBX 350 in a report on Wednesday, April 1st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 397.64.

Barratt Redrow Stock Performance

BTRW traded down GBX 0.60 during trading on Tuesday, reaching GBX 265.70. 7,789,721 shares of the stock were exchanged, compared to its average volume of 35,981,047. The stock’s 50 day moving average price is GBX 257.09 and its two-hundred day moving average price is GBX 316.19. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 475.30. The stock has a market cap of £3.72 billion, a P/E ratio of 17.83 and a beta of 1.37.

Insiders Place Their Bets

In other Barratt Redrow news, insider Katie Bickerstaffe bought 5,687 shares of Barratt Redrow stock in a transaction dated Wednesday, April 15th. The stock was bought at an average price of GBX 262 per share, with a total value of £14,899.94. 0.30% of the stock is owned by insiders.

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.