Barratt Redrow (LON:BTRW) Given New GBX 350 Price Target at JPMorgan Chase & Co.

Barratt Redrow (LON:BTRW) had its target price reduced by analysts at JPMorgan Chase & Co. from GBX 520 to GBX 350 in a report released on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 36.32% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Barratt Redrow to an “outperform” rating and reduced their target price for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 289 target price on shares of Barratt Redrow in a research note on Tuesday, May 5th. Citigroup reduced their target price on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research note on Monday, April 20th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 target price on shares of Barratt Redrow in a research note on Wednesday, April 15th. Finally, Bank of America reduced 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 note on Friday, March 27th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Barratt Redrow presently has an average rating of “Moderate Buy” and an average price target of GBX 397.64.

Barratt Redrow Price Performance

Shares of BTRW traded up GBX 6.15 during trading hours on Tuesday, hitting GBX 256.75. The company’s stock had a trading volume of 24,092,352 shares, compared to its average volume of 37,359,699. The company has a market cap of £3.60 billion, a price-to-earnings ratio of 17.23 and a beta of 1.37. The business has a 50 day simple moving average of GBX 256.98 and a two-hundred day simple moving average of GBX 320.76. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 475.30.

Insider Activity at Barratt Redrow

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