Barratt Redrow plc (LON:BTRW) Given Average Recommendation of “Moderate Buy” by Analysts

Barratt Redrow plc (LON:BTRW) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 508.14.

Several brokerages have recently commented on BTRW. Citigroup dropped their target price on shares of Barratt Redrow from GBX 591 to GBX 510 and set a “buy” rating for the company in a research report on Wednesday, July 16th. UBS Group reissued a “buy” rating and issued a GBX 565 price objective on shares of Barratt Redrow in a research note on Friday, September 5th. Royal Bank Of Canada lowered their price objective on shares of Barratt Redrow from GBX 575 to GBX 550 and set an “outperform” rating for the company in a research report on Wednesday, July 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 target price on shares of Barratt Redrow in a report on Wednesday, November 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 440 price target on shares of Barratt Redrow in a research note on Monday, September 8th.

Barratt Redrow Stock Performance

LON:BTRW opened at GBX 395.90 on Friday. The company has a market cap of £5.61 billion and a price-to-earnings ratio of 29.77. Barratt Redrow has a fifty-two week low of GBX 347.60 and a fifty-two week high of GBX 486.50. The stock has a fifty day moving average price of GBX 381.23 and a 200-day moving average price of GBX 409.69.

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

Insider Buying and Selling at Barratt Redrow

In related news, insider Katie Bickerstaffe purchased 5,037 shares of Barratt Redrow stock in a transaction dated Thursday, September 18th. The shares were bought at an average cost of GBX 374 per share, for a total transaction of £18,838.38. Also, insider Mike Scott acquired 13,275 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of GBX 377 per share, with a total value of £50,046.75. Insiders have acquired a total of 19,659 shares of company stock worth $7,385,556 over the last 90 days. Insiders own 0.30% 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.