Barratt Redrow’s (BTRW) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Barratt Redrow (LON:BTRW) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Peel Hunt currently has a GBX 470 target price on the stock.

BTRW has been the topic of several other research reports. Berenberg Bank restated a “hold” rating and set a GBX 440 price objective on shares of Barratt Redrow in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 536 price objective on shares of Barratt Redrow in a research note on Wednesday, July 16th. Royal Bank Of Canada cut their target price on shares of Barratt Redrow from GBX 575 to GBX 550 and set an “outperform” rating on the stock in a research note on Wednesday, July 16th. Jefferies Financial Group reduced their target price on Barratt Redrow from GBX 503 to GBX 494 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Citigroup lowered their price target on Barratt Redrow from GBX 591 to GBX 510 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Barratt Redrow presently has a consensus rating of “Moderate Buy” and an average price target of GBX 509.29.

Barratt Redrow Price Performance

Barratt Redrow stock opened at GBX 376 on Wednesday. Barratt Redrow has a 12-month low of GBX 347.60 and a 12-month high of GBX 486.50. The stock has a market capitalization of £5.32 billion and a PE ratio of 28.27. The firm has a 50 day simple moving average of GBX 379.70 and a 200-day simple moving average of GBX 411.09.

Barratt Redrow (LON:BTRW) last released its earnings results on Wednesday, September 17th. The company reported GBX 25.50 earnings per share (EPS) for the quarter.

Insider Transactions at Barratt Redrow

In other news, insider Mike Scott purchased 13,275 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average cost of GBX 377 per share, with a total value of £50,046.75. Also, insider Geeta Nanda purchased 1,347 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average cost of GBX 369 per share, with a total value of £4,970.43. Insiders bought 19,659 shares of company stock valued at $7,385,556 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Barratt Redrow Company Profile

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.