Barratt Redrow (LON:BTRW) Rating Lowered to Buy at Citigroup

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

Several other research firms have also issued reports on BTRW. Stifel Nicolaus restated a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a research note on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Jefferies Financial Group restated 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 decreased their price target on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Bank of America lowered their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 389.27.

Barratt Redrow Stock Down 0.2%

LON:BTRW opened at GBX 285.30 on Wednesday. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29. The stock’s 50 day moving average price is GBX 266.24 and its two-hundred day moving average price is GBX 303.19. The firm has a market capitalization of £4.00 billion, a price-to-earnings ratio of 19.15 and a beta of 1.36.

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.