Barratt Redrow’s (BTRW) Hold Rating Reaffirmed at Jefferies Financial Group

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 323 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential downside of 3.90% from the company’s current price.

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

Barratt Redrow Trading Up 2.3%

Shares of LON:BTRW traded up GBX 7.40 during trading on Wednesday, hitting GBX 336.10. 11,374,962 shares of the company’s stock traded hands, compared to its average volume of 33,852,809. The company has a market cap of £4.63 billion, a price-to-earnings ratio of 20.01 and a beta of 1.37. The company has a 50-day moving average price of GBX 309.83 and a 200-day moving average price of GBX 303.79. Barratt Redrow has a 52 week low of GBX 235.40 and a 52 week high of GBX 409.10.

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

Insider Buying and Selling

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 6,526 shares of Barratt Redrow stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of GBX 305 per share, for a total transaction of £19,904.30. Company insiders own 0.31% 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.