Royal Bank Of Canada Reiterates Outperform Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research note issued on Thursday,Digital Look reports. They presently have a GBX 350 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.33% from the company’s current price.

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

Barratt Redrow Price Performance

LON:BTRW opened at GBX 293.30 on Thursday. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 410.29. The stock has a market capitalization 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.