Brokerages Set Barratt Redrow plc (LON:BTRW) PT at GBX 478.63

Shares of Barratt Redrow plc (LON:BTRW) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 478.63.

BTRW has been the subject of several analyst reports. Royal Bank Of Canada dropped their price objective on shares of Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating for the company in a research note on Thursday, February 12th. Citigroup lifted their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research report on Monday, December 8th. The Goldman Sachs Group began coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 price target for the company. Finally, Jefferies Financial Group reduced their price target 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.

Insider Buying and Selling at Barratt Redrow

In related news, insider Katie Bickerstaffe purchased 5,789 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of GBX 329 per share, with a total value of £49,350. Corporate insiders own 0.30% of the company’s stock.

Barratt Redrow Price Performance

BTRW opened at GBX 285.70 on Thursday. The business has a fifty day simple moving average of GBX 367.18 and a 200 day simple moving average of GBX 374.44. Barratt Redrow has a 1 year low of GBX 280.10 and a 1 year high of GBX 486.50. The company has a market capitalization of £4.03 billion, a PE ratio of 19.17 and a beta of 1.30.

Barratt Redrow (LON:BTRW) last posted 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%.

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.