Brokerages Set Barratt Redrow plc (LON:BTRW) PT at GBX 500.75

Barratt Redrow plc (LON:BTRW) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 488.25.

BTRW has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a research report on Wednesday, November 5th. Jefferies Financial Group dropped their price objective on Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating on the stock in a research report on Monday, November 10th. Royal Bank Of Canada lowered shares of Barratt Redrow to a “sector perform” rating and decreased their target price for the company from GBX 575 to GBX 450 in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating and a GBX 449 price target for the company. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 440 target price on shares of Barratt Redrow in a research report on Monday, September 8th.

Insider Transactions at Barratt Redrow

In related news, insider Geeta Nanda acquired 1,347 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was bought at an average price of GBX 369 per share, for a total transaction of £4,970.43. Also, insider Katie Bickerstaffe acquired 2,913 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of GBX 375 per share, with a total value of £10,923.75. Insiders have bought 22,572 shares of company stock valued at $8,477,931 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Barratt Redrow Trading Up 0.5%

Shares of LON BTRW opened at GBX 375.99 on Tuesday. Barratt Redrow has a 1-year low of GBX 287.20 and a 1-year high of GBX 486.50. The firm’s 50-day moving average price is GBX 385.70 and its 200-day moving average price is GBX 400.57. The firm has a market capitalization of £5.31 billion and a P/E ratio of 28.27.

Barratt Redrow (LON:BTRW) last posted its earnings results on Wednesday, September 17th. The company reported GBX 25.50 EPS for the quarter.

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.