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

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)'s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 347.60 ($4.67) and last traded at GBX 355.80 ($4.78), with a volume of 3749633 shares. The stock had previously closed at GBX 350 ($4.70).

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BTRW. Berenberg Bank dropped their target price on shares of Barratt Redrow from GBX 485 to GBX 440 and set a "hold" rating for the company in a report on Monday, August 18th. Citigroup dropped their target price on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating for the company in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 536 target price on shares of Barratt Redrow in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada dropped their target price on shares of Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating for the company in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 509.

Barratt Redrow Stock Performance

The company has a market capitalization of £5.10 billion and a P/E ratio of 3,473.79. The business's fifty day simple moving average is GBX 390.81 and its 200-day simple moving average is GBX 424.86.

Insider Buying and Selling at Barratt Redrow

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

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.

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