Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Barratt Redrow (LON:BTRW) Stock Price

Barratt Redrow (LON:BTRW) had its price target reduced by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 454 to GBX 366 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 37.75% from the company’s previous close.

BTRW has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday, April 15th. Royal Bank Of Canada upgraded shares of Barratt Redrow to an “outperform” rating and reduced their price objective for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Bank of America dropped their target price on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. Finally, Citigroup cut their price target on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 397.64.

Barratt Redrow Price Performance

LON:BTRW traded down GBX 0.60 during trading hours on Tuesday, reaching GBX 265.70. 7,789,721 shares of the company were exchanged, compared to its average volume of 35,981,047. The business has a 50 day moving average of GBX 257.09 and a 200 day moving average of GBX 316.19. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 475.30. The company has a market capitalization of £3.72 billion, a P/E ratio of 17.83 and a beta of 1.37.

Insider Activity at Barratt Redrow

In other news, insider Katie Bickerstaffe acquired 5,687 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average price of GBX 262 per share, with a total value of £14,899.94. Insiders own 0.30% 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.