Barratt Redrow (LON:BTRW) Announces Earnings Results

Barratt Redrow (LON:BTRW) announced its earnings results on Thursday. The company reported GBX 9.30 EPS for the quarter, Digital Look Earnings reports.

Barratt Redrow Trading Up 1.6%

Shares of Barratt Redrow stock traded up GBX 6.03 on Thursday, reaching GBX 394.23. 10,368,452 shares of the company were exchanged, compared to its average volume of 48,550,141. The company has a market capitalization of £5.56 billion and a price-to-earnings ratio of 29.64. Barratt Redrow has a one year low of GBX 287.20 and a one year high of GBX 486.50. The company has a 50-day moving average of GBX 378.86 and a 200 day moving average of GBX 379.25.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a report on Monday, December 8th. Peel Hunt reissued a “buy” rating and issued a GBX 470 target price on shares of Barratt Redrow in a research report on Wednesday, November 5th. Jefferies Financial Group reduced their price target on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a research report on Monday, January 19th. The Goldman Sachs Group started coverage on shares of Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating and a GBX 449 price objective on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 478.63.

Insider Buying and Selling at Barratt Redrow

In other news, insider Katie Bickerstaffe bought 2,913 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of GBX 375 per share, for a total transaction of £10,923.75. Corporate insiders own 0.30% 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.