Barratt Redrow (LON:BTRW) Stock Keeps Hold Rating at Jefferies Financial Group

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 323 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 1.92% from the company’s previous close.

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

Barratt Redrow Stock Performance

LON:BTRW opened at GBX 316.90 on Wednesday. The stock has a 50-day simple moving average of GBX 309.44 and a 200 day simple 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 company has a market cap of £4.37 billion, a PE ratio of 18.86 and a beta of 1.37.

Barratt Redrow (LON:BTRW) last released its earnings results 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 at Barratt Redrow

In related news, insider Katie Bickerstaffe bought 6,526 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of GBX 305 per share, for a total transaction of £19,904.30. 0.31% of the stock is currently owned by corporate 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.