Jefferies Financial Group Issues Pessimistic Forecast for Barratt Redrow (LON:BTRW) Stock Price

Key Points

• Jefferies Financial Group has lowered its target price for Barratt Redrow (LON:BTRW) from GBX 503 to GBX 494, while maintaining a "buy" rating, indicating a potential upside of 31.10% from its current price.
• Several analysts have reiterated "buy" ratings with varying price objectives, with the average target now at GBX 509.29 following recent adjustments, reflecting a generally optimistic outlook despite the target reduction by Jefferies.
• Barratt Redrow shares opened at GBX 376.80 and have seen a 3.2% decline recently, contributing to heightened volatility in the stock’s performance.

Barratt Redrow (LON:BTRW - Get Free Report) had its target price dropped by analysts at Jefferies Financial Group from GBX 503 to GBX 494 in a note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 31.10% from the company's current price.

Several other research analysts have also issued reports on BTRW. Peel Hunt reiterated a "buy" rating and set a GBX 470 price objective on shares of Barratt Redrow in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 536 price objective on shares of Barratt Redrow in a research note on Wednesday, July 16th. Royal Bank Of Canada dropped their price objective on Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating for the company in a research note on Wednesday, July 16th. UBS Group reiterated a "buy" rating and set a GBX 565 price objective on shares of Barratt Redrow in a research note on Friday, September 5th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a research note on Monday, September 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow currently has an average rating of "Moderate Buy" and a consensus target price of GBX 509.29.

Barratt Redrow Trading Down 3.2%

Shares of LON BTRW opened at GBX 376.80 on Wednesday. The business has a fifty day simple moving average of GBX 375.18 and a 200 day simple moving average of GBX 416.23. Barratt Redrow has a one year low of GBX 347.60 and a one year high of GBX 507.40. The firm has a market capitalization of £5.35 billion and a price-to-earnings ratio of 2,833.08.

Barratt Redrow (LON:BTRW - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 25.50 earnings per share (EPS) for the quarter.

Insider Transactions at Barratt Redrow

In other news, insider Caroline Silver purchased 13,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were acquired at an average price of GBX 375 per share, with a total value of £48,750. Also, insider Mike Scott purchased 13,275 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of GBX 377 per share, for a total transaction of £50,046.75. Over the last three months, insiders acquired 35,159 shares of company stock worth $13,225,556. 0.34% of the stock is owned by insiders.

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.

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