Barratt Redrow (LON:BTRW) Reaches New 1-Year Low – Time to Sell?

Barratt Redrow plc (LON:BTRW)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 295.80 and last traded at GBX 396.60, with a volume of 20388217 shares trading hands. The stock had previously closed at GBX 400.60.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BTRW shares. UBS Group reiterated a “buy” rating and set a GBX 565 target price on shares of Barratt Redrow in a research note on Friday, September 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 470 price objective on shares of Barratt Redrow in a report on Wednesday, November 5th. Berenberg Bank restated a “hold” rating and set a GBX 440 target price on shares of Barratt Redrow in a research note on Monday, September 8th. Finally, Jefferies Financial Group decreased their price target on shares of Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 508.14.

Barratt Redrow Stock Down 1.6%

The firm has a market cap of £5.38 billion and a P/E ratio of 28.58. The company’s 50 day simple moving average is GBX 382.76 and its 200-day simple moving average is GBX 408.89.

Barratt Redrow (LON:BTRW) last announced its quarterly earnings data on Wednesday, September 17th. The company reported GBX 25.50 EPS for the quarter.

Insider Activity

In other news, insider Katie Bickerstaffe purchased 5,037 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were acquired at an average price of GBX 374 per share, with a total value of £18,838.38. Also, insider Geeta Nanda acquired 1,347 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average price of GBX 369 per share, with a total value of £4,970.43. Over the last quarter, insiders purchased 19,659 shares of company stock valued at $7,385,556. Corporate 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.