Barratt Redrow (LON:BTRW) Receives Hold Rating from 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 reaffirmed their hold rating on shares of Barratt Redrow (LON:BTRW - Free Report) in a research note released on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 440 price objective on the stock.

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

Barratt Redrow Stock Up 0.0%

Shares of BTRW traded up GBX 0.10 during trading hours on Monday, reaching GBX 368.30. 2,348,716 shares of the company traded hands, compared to its average volume of 11,439,279. The company's fifty day moving average price is GBX 379.32 and its two-hundred day moving average price is GBX 421.68. The company has a market capitalization of £5.23 billion and a price-to-earnings ratio of 3,575.73. Barratt Redrow has a 12 month low of GBX 347.60 and a 12 month high of GBX 507.40.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Mike Scott purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was bought at an average cost of GBX 386 per share, with a total value of £9,650. Also, insider Caroline Silver purchased 13,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were acquired at an average cost of GBX 375 per share, with a total value of £48,750. Company insiders own 0.34% 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.