Barratt Redrow (LON:BTRW) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Barratt Redrow (LON:BTRW) in a report published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 449 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 440 price objective on shares of Barratt Redrow in a research report on Monday, September 8th. UBS Group reissued a “buy” rating and set a GBX 565 price target on shares of Barratt Redrow in a research report on Friday, September 5th. Peel Hunt restated a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a report on Wednesday, November 5th. Finally, Jefferies Financial Group cut their price objective on shares of Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating on the stock in a research report on Monday, November 10th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 500.75.

Barratt Redrow Stock Performance

LON BTRW opened at GBX 379.46 on Monday. The company has a market cap of £5.37 billion and a PE ratio of 28.53. The firm’s 50 day moving average price is GBX 383.55 and its 200-day moving average price is GBX 403.97. Barratt Redrow has a 52-week low of GBX 287.20 and a 52-week high of GBX 486.50.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings data on Wednesday, September 17th. The company reported GBX 25.50 EPS for the quarter.

Insider Activity

In related news, insider Mike Scott acquired 13,275 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was purchased at an average cost of GBX 377 per share, with a total value of £50,046.75. Also, insider Katie Bickerstaffe bought 5,037 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was bought at an average price of GBX 374 per share, with a total value of £18,838.38. Insiders have purchased a total of 22,572 shares of company stock worth $8,477,931 over the last 90 days. 0.30% of the stock is currently 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.