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

Shares of Barratt Redrow plc (LON:BTRW) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 500.75.

Several brokerages have recently issued reports on BTRW. UBS Group reiterated a “buy” rating and issued a GBX 565 target price on shares of Barratt Redrow in a research report on Friday, September 5th. Berenberg Bank restated a “hold” rating and issued a GBX 440 target price on shares of Barratt Redrow in a research report on Monday, September 8th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a research note on Wednesday, November 5th. The Goldman Sachs Group initiated coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 price objective for the company. Finally, Jefferies Financial Group decreased their price objective on Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating on the stock in a report on Monday, November 10th.

Insiders Place Their Bets

In other Barratt Redrow news, insider Katie Bickerstaffe bought 5,037 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were acquired at an average cost of GBX 374 per share, with a total value of £18,838.38. Also, insider Geeta Nanda bought 1,347 shares of the stock in a transaction dated Wednesday, September 17th. The shares were bought at an average price of GBX 369 per share, for a total transaction of £4,970.43. Insiders have acquired 22,572 shares of company stock valued at $8,477,931 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Barratt Redrow Trading Down 1.4%

Shares of BTRW opened at GBX 388.97 on Tuesday. The firm has a market cap of £5.51 billion and a P/E ratio of 29.25. Barratt Redrow has a 12 month low of GBX 287.20 and a 12 month high of GBX 486.50. The stock’s 50 day moving average is GBX 385.60 and its two-hundred day moving average is GBX 401.54.

Barratt Redrow (LON:BTRW) last announced its earnings results on Wednesday, September 17th. The company reported GBX 25.50 earnings per share (EPS) for the quarter.

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.