Berenberg Bank Has Lowered Expectations for Barratt Redrow (LON:BTRW) Stock Price

Barratt Redrow (LON:BTRWGet Free Report) had its price objective decreased by Berenberg Bank from GBX 540 ($7.25) to GBX 485 ($6.51) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 29.44% from the stock’s current price.

A number of other research firms have also weighed in on BTRW. Royal Bank Of Canada dropped their price objective on Barratt Redrow from GBX 575 ($7.72) to GBX 550 ($7.38) and set an “outperform” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 536 ($7.19) price target on shares of Barratt Redrow in a research note on Wednesday. Finally, Citigroup decreased their price objective on Barratt Redrow from GBX 591 ($7.93) to GBX 510 ($6.84) and set a “buy” rating for the company in a report on Wednesday.

Check Out Our Latest Report on BTRW

Barratt Redrow Stock Down 0.7%

Shares of BTRW opened at GBX 374.70 ($5.03) on Tuesday. Barratt Redrow has a 1 year low of GBX 362.50 ($4.86) and a 1 year high of GBX 507.40 ($6.81). The stock has a 50 day simple moving average of GBX 452.06 and a two-hundred day simple moving average of GBX 439.41.

Insider Buying and Selling at Barratt Redrow

In related news, insider Mike Scott purchased 2,500 shares of Barratt Redrow stock in a transaction dated Tuesday, July 15th. The stock was purchased at an average cost of GBX 386 ($5.18) per share, for a total transaction of £9,650 ($12,949.54).

About Barratt Redrow

(Get Free Report)

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.

Further Reading

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