Barratt Redrow plc (LON:BTRW) Receives Average Rating of “Moderate Buy” from Brokerages

Barratt Redrow plc (LON:BTRW) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 389.27.

Several brokerages have issued reports on BTRW. JPMorgan Chase & Co. lowered their target price on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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 decreased their price target on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a GBX 365 price target on shares of Barratt Redrow in a research report on Wednesday, April 15th.

Barratt Redrow Stock Down 1.7%

Shares of LON BTRW opened at GBX 288.45 on Wednesday. The firm has a market cap of £4.04 billion, a price-to-earnings ratio of 19.36 and a beta of 1.36. The company’s 50-day simple moving average is GBX 265.16 and its 200-day simple moving average is GBX 304.54. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29.

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.