Barratt Redrow plc (LON:BTRW) Receives GBX 390.55 Average Target Price from Analysts

Shares of Barratt Redrow plc (LON:BTRW) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 373.10.

A number of research analysts recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 348 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Citigroup downgraded Barratt Redrow to a “buy” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 303 price objective on shares of Barratt Redrow in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th.

Barratt Redrow Stock Down 0.6%

BTRW opened at GBX 304.36 on Thursday. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 410.29. The stock has a market cap of £4.26 billion, a price-to-earnings ratio of 20.43 and a beta of 1.36. The business has a 50 day moving average of GBX 301.20 and a 200-day moving average of GBX 286.63.

Insider Buying and Selling

In related news, insider Geeta Nanda purchased 1,701 shares of the stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of GBX 294 per share, with a total value of £5,000.94. Company 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.