Barratt Redrow (LON:BTRW) Upgraded to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Barratt Redrow (LON:BTRW) to an outperform rating in a research report report published on Wednesday morning,London Stock Exchange reports. They currently have GBX 350 target price on the stock, down from their prior target price of GBX 425.

Several other research firms also recently weighed in on BTRW. Bank of America cut their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Citigroup lifted their price objective on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research note on Monday, December 8th. Finally, Jefferies Financial Group cut their price objective on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research report on Monday, January 19th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 448.22.

Barratt Redrow Trading Down 3.3%

Shares of LON:BTRW opened at GBX 254.30 on Wednesday. The company has a market cap of £3.59 billion, a price-to-earnings ratio of 17.07 and a beta of 1.30. Barratt Redrow has a 12 month low of GBX 249.30 and a 12 month high of GBX 486.50. The company has a 50-day moving average price of GBX 340.55 and a 200 day moving average price of GBX 366.26.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings data 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%.

Insider Transactions at Barratt Redrow

In related news, insider Nigel Webb bought 15,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average cost of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe bought 5,789 shares of Barratt Redrow stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of GBX 323 per share, for a total transaction of £18,698.47. Company 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.