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

Shares of Barratt Redrow plc (LON:BTRW) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 478.63.

Several brokerages have recently issued reports on BTRW. Jefferies Financial Group lowered their target price on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. Royal Bank Of Canada reduced their price target on shares of Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating for the company in a research report on Thursday, February 12th. The Goldman Sachs Group started coverage on Barratt Redrow in a report on Monday, November 24th. They set a “buy” rating and a GBX 449 price objective on the stock. Finally, Citigroup boosted their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th.

Insider Buying and Selling

In other news, insider Nigel Webb acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was acquired at an average cost of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe bought 5,789 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of GBX 323 per share, for a total transaction of £18,698.47. 0.30% of the stock is currently owned by insiders.

Barratt Redrow Stock Performance

LON:BTRW opened at GBX 299.90 on Thursday. The stock has a 50-day simple moving average of GBX 372.83 and a 200-day simple moving average of GBX 376.20. The stock has a market cap of £4.23 billion, a P/E ratio of 20.13 and a beta of 1.30. Barratt Redrow has a 1 year low of GBX 287.20 and a 1 year high of GBX 486.50.

Barratt Redrow (LON:BTRW) last issued its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

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.