Barratt Redrow’s (BTRW) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Barratt Redrow (LON:BTRW) in a research report report published on Wednesday,Digital Look reports. Stifel Nicolaus currently has a GBX 365 price objective on the stock.

BTRW has been the topic of a number of other reports. Royal Bank Of Canada raised Barratt Redrow to an “outperform” rating and decreased their target price for the stock from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Bank of America decreased their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Finally, Jefferies Financial Group decreased their target price on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research report on Monday, January 19th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 439.90.

Barratt Redrow Stock Up 1.9%

BTRW stock opened at GBX 272.36 on Wednesday. Barratt Redrow has a twelve month low of GBX 249.30 and a twelve month high of GBX 486.50. The company has a market cap of £3.83 billion, a PE ratio of 18.28 and a beta of 1.43. The business’s 50-day simple moving average is GBX 314.85 and its 200 day simple moving average is GBX 358.36.

Barratt Redrow (LON:BTRW) last released its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe bought 5,789 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of GBX 329 per share, with a total value of £49,350. Insiders bought 26,476 shares of company stock valued at $8,294,841 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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.