Barratt Redrow (LON:BTRW) Receives Buy Rating from Berenberg Bank

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 348 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 19.83% from the stock’s current price.

A number of other equities research analysts also recently commented on BTRW. Bank of America dropped their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Citigroup dropped their target price on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Stifel Nicolaus reissued a “buy” rating and set a GBX 365 target price on shares of Barratt Redrow in a research report on Wednesday, April 15th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 389.27.

Barratt Redrow Stock Performance

BTRW stock opened at GBX 290.40 on Thursday. The company’s 50 day moving average price is GBX 264.07 and its 200 day moving average price is GBX 305.71. The firm has a market capitalization of £4.07 billion, a price-to-earnings ratio of 19.49 and a beta of 1.36. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 410.29.

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.