Barratt Redrow (LON:BTRW) Earns Hold Rating from Berenberg Bank

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report released on Monday, Marketbeat.com reports. They presently have a GBX 440 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 18.85% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 536 price objective on shares of Barratt Redrow in a research note on Wednesday, July 16th. Citigroup reduced their price target on Barratt Redrow from GBX 591 to GBX 510 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Royal Bank Of Canada reduced their price objective on Barratt Redrow from GBX 575 to GBX 550 and set an “outperform” rating on the stock in a report on Wednesday, July 16th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 565 target price on shares of Barratt Redrow in a research report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 520.20.

Barratt Redrow Stock Up 0.2%

Shares of BTRW opened at GBX 370.22 on Monday. The stock has a market cap of £5.26 billion and a price-to-earnings ratio of 3,594.34. The business has a 50-day simple moving average of GBX 383.34 and a two-hundred day simple moving average of GBX 422.96. Barratt Redrow has a 52 week low of GBX 347.60 and a 52 week high of GBX 507.40.

Insider Buying and Selling

In other Barratt Redrow news, insider Caroline Silver acquired 13,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was acquired at an average cost of GBX 375 per share, for a total transaction of £48,750. Also, insider Mike Scott acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was acquired at an average price of GBX 386 per share, with a total value of £9,650. 0.34% of the stock is owned by insiders.

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.