Barratt Redrow (LON:BTRW) Earns Hold Rating from Jefferies Financial Group

Barratt Redrow (LON:BTRWGet Free Report)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 303 price target on the stock. Jefferies Financial Group’s target price points to a potential downside of 7.87% from the company’s previous close.

A number of other research firms also recently commented on BTRW. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 348 target price on shares of Barratt Redrow in a research report on Thursday, July 16th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 390.55.

Check Out Our Latest Research Report on Barratt Redrow

Barratt Redrow Trading Up 3.0%

Barratt Redrow stock opened at GBX 328.90 on Wednesday. The stock has a market capitalization of £4.60 billion, a price-to-earnings ratio of 22.07 and a beta of 1.36. The stock has a 50 day moving average of GBX 281.63 and a two-hundred day moving average of GBX 295.36. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29.

Insider Buying and Selling

In other news, insider Geeta Nanda bought 1,701 shares of the stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of GBX 294 per share, with a total value of £5,000.94. Insiders own 0.30% of the company’s stock.

Barratt Redrow Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Barratt Redrow (LON:BTRW)

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