Barratt Redrow (LON:BTRW) Downgraded to “Buy” Rating by Citigroup

Barratt Redrow (LON:BTRW) was downgraded by investment analysts at Citigroup to a “buy” rating in a report released on Wednesday,London Stock Exchange reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Bank of America dropped their price target on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 348 target price on shares of Barratt Redrow in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow has a consensus rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Trading Down 0.2%

LON:BTRW opened at GBX 285.30 on Wednesday. Barratt Redrow has a 12 month low of GBX 235.40 and a 12 month high of GBX 410.29. The stock has a market capitalization of £4.00 billion, a price-to-earnings ratio of 19.15 and a beta of 1.36. The firm has a fifty day simple moving average of GBX 266.24 and a two-hundred day simple moving average of GBX 303.19.

Barratt Redrow Company Profile

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.