Barratt Redrow (LON:BTRW) Sets New 12-Month Low – Should You Sell?

Shares of Barratt Redrow plc (LON:BTRW) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 277.90 and last traded at GBX 277.90, with a volume of 13527700 shares trading hands. The stock had previously closed at GBX 287.70.

Analyst Ratings Changes

BTRW has been the subject of a number of research reports. Citigroup upped their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research report on Monday, December 8th. The Goldman Sachs Group assumed coverage on Barratt Redrow in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 449 price objective on the stock. Jefferies Financial Group reduced their price objective on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Finally, Royal Bank Of Canada decreased their target price on Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Barratt Redrow currently has an average rating of “Moderate Buy” and a consensus price target of GBX 478.63.

Barratt Redrow Stock Performance

The firm has a market capitalization of £3.64 billion, a price-to-earnings ratio of 17.32 and a beta of 1.30. The stock’s fifty day moving average is GBX 358.80 and its two-hundred day moving average is GBX 371.83.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 EPS for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 5,789 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb purchased 15,000 shares of Barratt Redrow stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average cost of GBX 329 per share, with a total value of £49,350. 0.30% of the stock is currently owned by insiders.

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.