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

Shares of Barratt Redrow plc (LON:BTRW) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 481.75.

A number of equities analysts recently weighed in on BTRW shares. Royal Bank Of Canada lowered shares of Barratt Redrow to a “sector perform” rating and decreased their price objective for the stock from GBX 575 to GBX 450 in a report on Tuesday, December 2nd. Jefferies Financial Group decreased their price target on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a research note on Monday. The Goldman Sachs Group assumed coverage on Barratt Redrow in a research report on Monday, November 24th. They set a “buy” rating and a GBX 449 price objective on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 470 target price on shares of Barratt Redrow in a research report on Wednesday, November 5th. Finally, Citigroup upped their target price on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research note on Monday, December 8th.

Barratt Redrow Stock Performance

Shares of Barratt Redrow stock opened at GBX 377.50 on Wednesday. The company has a 50-day simple moving average of GBX 376.53 and a two-hundred day simple moving average of GBX 379.80. The stock has a market capitalization of £5.33 billion and a PE ratio of 28.38. Barratt Redrow has a 52-week low of GBX 287.20 and a 52-week high of GBX 486.50.

Insider Transactions at Barratt Redrow

In related news, insider Katie Bickerstaffe bought 2,913 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of GBX 375 per share, with a total value of £10,923.75. Corporate insiders own 0.30% of the company’s stock.

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.