Barratt Redrow (LON:BTRW) Stock Price Target Raised at Jefferies Financial Group

Barratt Redrow (LON:BTRW) had its price target boosted by Jefferies Financial Group from GBX 303 to GBX 323 in a research note released on Monday, Marketbeat.com reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Citigroup cut Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 370 price objective on shares of Barratt Redrow in a research note on Monday, September 21st. JPMorgan Chase & Co. decreased their target price on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow currently has an average rating of “Moderate Buy” and an average target price of GBX 377.30.

Barratt Redrow Stock Performance

Shares of BTRW stock opened at GBX 345.20 on Monday. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. The company has a 50-day simple moving average of GBX 307.25 and a two-hundred day simple moving average of GBX 280.20. The company has a market capitalization of £4.78 billion, a price-to-earnings ratio of 23.17 and a beta of 1.37.

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

Insider Buying and Selling

In related news, insider Katie Bickerstaffe purchased 6,526 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of GBX 305 per share, for a total transaction of £19,904.30. Also, insider Geeta Nanda purchased 1,701 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of GBX 294 per share, with a total value of £5,000.94. 0.31% of the stock is owned by corporate insiders.

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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.