Berenberg Bank Reiterates “Buy” Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 348 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 18.65% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 price target on shares of Barratt Redrow in a report on Thursday. Jefferies Financial Group reissued a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a report on Tuesday, May 5th. Citigroup lowered their price objective on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft cut their target price on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 389.27.

Barratt Redrow Stock Down 0.2%

BTRW stock opened at GBX 293.30 on Thursday. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29. The company has a market cap of £4.11 billion, a PE ratio of 19.68 and a beta of 1.36. The business’s 50-day simple moving average is GBX 265.16 and its 200 day simple moving average is GBX 305.03.

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.