Barratt Redrow plc (LON:BTRW) Receives GBX 389.27 Average Price Target from Analysts

Barratt Redrow plc (LON:BTRW) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 389.27.

A number of brokerages have commented on BTRW. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research note on Thursday. Citigroup lowered their target price on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 289 target price on shares of Barratt Redrow in a report on Tuesday, May 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th.

Barratt Redrow Stock Down 0.2%

Shares of Barratt Redrow stock opened at GBX 293.30 on Wednesday. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. The company has a 50 day moving average of GBX 265.16 and a 200 day moving average of GBX 305.03. The company has a market capitalization of £4.11 billion, a P/E ratio of 19.68 and a beta of 1.36.

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.