Barratt Redrow (LON:BTRW) Hits New 1-Year Low - Here's What Happened

Key Points

• Barratt Redrow plc's share price recently hit a new **52-week low** of GBX 347.60 ($4.67), closing at GBX 355.80 ($4.78) with significant trading volume of over 3.7 million shares.
• Multiple brokerages have adjusted their **target prices**, with Berenberg Bank lowering it from GBX 485 to GBX 440, while Deutsche Bank maintained a **buy rating** with a target price of GBX 536.
• Insiders have been buying shares, with notable purchases including **2,500 shares** by Mike Scott and **13,000 shares** by Caroline Silver at prices averaging GBX 375 and 386 respectively.

Barratt Redrow plc (LON:BTRW - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 347.60 ($4.71) and last traded at GBX 355.80 ($4.82), with a volume of 3749633 shares. The stock had previously closed at GBX 350 ($4.74).

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BTRW. Berenberg Bank restated a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a research report on Monday. UBS Group reissued a "buy" rating and issued a GBX 565 price objective on shares of Barratt Redrow in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 536 price objective on shares of Barratt Redrow in a report on Wednesday, July 16th. Royal Bank Of Canada lowered their target price on shares of Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. Finally, Citigroup lowered their price objective on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow presently has a consensus rating of "Moderate Buy" and an average price target of GBX 520.20.

Barratt Redrow Stock Performance

The company has a fifty day simple moving average of GBX 384.83 and a two-hundred day simple moving average of GBX 423.33. The stock has a market capitalization of £5.17 billion and a price-to-earnings ratio of 3,530.10.

Insider Buying and Selling at Barratt Redrow

In other news, insider Caroline Silver acquired 13,000 shares of Barratt Redrow stock in a transaction that occurred on 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 purchased 2,500 shares of Barratt Redrow stock in a transaction on 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.