Barratt Redrow (LON:BTRW) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Barratt Redrow (LON:BTRW) in a report issued on Thursday morning,Digital Look reports. The firm currently has a GBX 289 target price on the stock.

Several other equities research analysts have also recently weighed in on BTRW. Bank of America decreased their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. Royal Bank Of Canada upgraded shares of Barratt Redrow to an “outperform” rating and decreased their price objective for the stock from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Barratt Redrow presently has a consensus rating of “Moderate Buy” and an average target price of GBX 427.40.

Barratt Redrow Price Performance

BTRW opened at GBX 268.30 on Thursday. Barratt Redrow has a twelve month low of GBX 249.30 and a twelve month high of GBX 486.50. The company has a fifty day moving average of GBX 312.14 and a 200-day moving average of GBX 357.73. The stock has a market cap of £3.77 billion, a PE ratio of 18.01 and a beta of 1.43.

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

Insiders Place Their Bets

In other Barratt Redrow news, insider Nigel Webb acquired 15,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe acquired 5,687 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was acquired at an average cost of GBX 262 per share, for a total transaction of £14,899.94. Insiders acquired 26,476 shares of company stock valued at $8,294,841 over the last 90 days. Corporate 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.