Jefferies Financial Group Issues Pessimistic Forecast for Barratt Redrow (LON:BTRW) Stock Price

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

Other analysts have also issued research reports about the company. Citigroup increased their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock. Royal Bank Of Canada cut shares of Barratt Redrow to a “sector perform” rating and dropped their price target for the stock from GBX 575 to GBX 450 in a research note on Tuesday, December 2nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 470 price objective on shares of Barratt Redrow in a research report on Wednesday, November 5th. Five research 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, Barratt Redrow presently has a consensus rating of “Moderate Buy” and an average price target of GBX 481.75.

Barratt Redrow Stock Performance

BTRW stock traded down GBX 2 during midday trading on Monday, reaching GBX 378.60. 2,227,005 shares of the company traded hands, compared to its average volume of 13,944,848. The firm has a market capitalization of £5.35 billion and a price-to-earnings ratio of 28.47. Barratt Redrow has a 52-week low of GBX 287.20 and a 52-week high of GBX 486.50. The business has a 50 day moving average of GBX 377.13 and a 200-day moving average of GBX 380.59.

Insider Activity at Barratt Redrow

In related news, insider Katie Bickerstaffe purchased 2,913 shares of Barratt Redrow stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of GBX 375 per share, with a total value of £10,923.75. 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.