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

Barratt Redrow plc (LON:BTRW) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 478.63.

A number of research analysts recently commented on the company. Citigroup increased their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. Jefferies Financial Group decreased their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a research report on Monday, January 19th. Royal Bank Of Canada cut their price target on shares of Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating on the stock in a report on Thursday. Peel Hunt reissued a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock.

Barratt Redrow Stock Performance

Barratt Redrow stock opened at GBX 386.65 on Friday. Barratt Redrow has a 1 year low of GBX 287.20 and a 1 year high of GBX 486.50. The firm has a 50 day moving average price of GBX 379.34 and a 200 day moving average price of GBX 379.44. The company has a market cap of £5.45 billion and a price-to-earnings ratio of 29.07.

Barratt Redrow (LON:BTRW) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter.

Insider Activity at Barratt Redrow

In related news, insider Katie Bickerstaffe acquired 2,913 shares of Barratt Redrow stock in a transaction that occurred 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. Company insiders own 0.30% of the company’s stock.

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.