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

Barratt Redrow plc (LON:BTRW) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 377.30.

BTRW has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. decreased 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 restated an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a report on Wednesday, September 16th. Jefferies Financial Group increased their price target on Barratt Redrow from GBX 303 to GBX 323 and gave the company a “hold” rating in a report on Monday, September 28th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 370 price objective on shares of Barratt Redrow in a research report on Monday, September 21st.

Barratt Redrow Price Performance

LON BTRW opened at GBX 318.20 on Monday. The company has a market cap of £4.41 billion, a PE ratio of 21.36 and a beta of 1.37. The stock’s 50 day simple moving average is GBX 310.14 and its 200-day simple moving average is GBX 281.27. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 410.29.

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

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe purchased 6,526 shares of Barratt Redrow stock in a transaction dated Wednesday, September 16th. The shares were acquired 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 stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average cost of GBX 294 per share, for a total transaction of £5,000.94. 0.31% of the stock is owned by company 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.