Barratt Redrow (LON:BTRW) Given "Hold" Rating at Berenberg Bank

Key Points

• Barratt Redrow's stock received a "hold" rating from Berenberg Bank, with a price target of GBX 440, suggesting a potential upside of 19.57% from its previous close.
• Multiple analysts have differing assessments; UBS Group maintained a "buy" rating with a target of GBX 565, while Royal Bank of Canada lowered its target from GBX 575 to GBX 550.
• Insider purchases included Mike Scott acquiring 2,500 shares and Caroline Silver 13,000 shares, indicating confidence in the company among its leaders.

Berenberg Bank reissued their hold rating on shares of Barratt Redrow (LON:BTRW - Free Report) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 440 price target on the stock.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 536 price objective on shares of Barratt Redrow in a research report on Wednesday, July 16th. Royal Bank Of Canada cut their price objective on shares of Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Citigroup cut their price objective on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Finally, UBS Group reaffirmed a "buy" rating and set a GBX 565 price objective on shares of Barratt Redrow in a research report on Friday, September 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 520.20.

Barratt Redrow Price Performance

BTRW traded up GBX 0.10 during midday trading on Monday, hitting GBX 368.30. 2,348,716 shares of the company's stock traded hands, compared to its average volume of 11,439,279. The company has a market cap of £5.23 billion and a PE ratio of 3,575.73. The stock's fifty day simple moving average is GBX 379.32 and its 200-day simple moving average is GBX 421.71. Barratt Redrow has a one year low of GBX 347.60 and a one year high of GBX 507.40.

Insider Buying and Selling at Barratt Redrow

In related news, insider Caroline Silver acquired 13,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were acquired at an average price of GBX 375 per share, for a total transaction of £48,750. Also, insider Mike Scott acquired 2,500 shares of the stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 386 per share, for a total transaction of £9,650. Company insiders own 0.34% of the company's stock.

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.