Jefferies Financial Group Reaffirms Hold Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 323 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 0.75% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research note on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 370 price target on shares of Barratt Redrow in a research note on Monday, September 21st. Citigroup downgraded shares of Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 377.30.

Barratt Redrow Stock Down 0.2%

BTRW opened at GBX 320.60 on Wednesday. The business has a fifty day moving average of GBX 309.44 and a 200 day moving average of GBX 284.84. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. The stock has a market cap of £4.42 billion, a P/E ratio of 19.08 and a beta of 1.37.

Barratt Redrow (LON:BTRW) last announced its quarterly earnings data on Wednesday, September 16th. The company reported GBX 26.10 EPS for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insider Activity

In other news, insider Katie Bickerstaffe acquired 6,526 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average price of GBX 305 per share, with a total value of £19,904.30. Insiders own 0.31% 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.