Berenberg Bank Reaffirms Buy Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They presently have a GBX 370 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 19.62% from the company’s current price.

BTRW has been the subject of a number of other reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 303 target price on shares of Barratt Redrow in a research report on Wednesday, August 12th. JPMorgan Chase & Co. cut their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price objective on shares of Barratt Redrow in a report on Wednesday, September 16th. Citigroup cut Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 375.30.

Barratt Redrow Trading Up 1.8%

BTRW stock opened at GBX 309.30 on Monday. The stock’s fifty day simple moving average is GBX 305.11 and its two-hundred day simple moving average is GBX 280.09. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 410.29. The stock has a market cap of £4.28 billion, a P/E ratio of 20.76 and a beta of 1.37.

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

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe bought 6,526 shares of Barratt Redrow stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of GBX 305 per share, with a total value of £19,904.30. Also, insider Geeta Nanda bought 1,701 shares of Barratt Redrow stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of GBX 294 per share, with a total value of £5,000.94. 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.