Barratt Redrow (LON:BTRW) Releases Quarterly Earnings Results

Barratt Redrow (LON:BTRW) issued its quarterly earnings data on Thursday. The company reported GBX 9.30 earnings per share for the quarter, Digital Look Earnings reports.

Barratt Redrow Price Performance

LON:BTRW traded up GBX 6.03 during trading hours on Thursday, reaching GBX 394.23. 10,368,452 shares of the company were exchanged, compared to its average volume of 48,550,141. The business has a 50 day moving average of GBX 378.86 and a 200 day moving average of GBX 379.25. Barratt Redrow has a 1-year low of GBX 287.20 and a 1-year high of GBX 486.50. The company has a market capitalization of £5.56 billion and a P/E ratio of 29.64.

Analysts Set New Price Targets

Several analysts recently commented on BTRW shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 470 target price on shares of Barratt Redrow in a report on Wednesday, November 5th. Royal Bank Of Canada reduced their price objective on Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating for the company in a report on Thursday. The Goldman Sachs Group initiated coverage on Barratt Redrow in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock. Jefferies Financial Group dropped their price target on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. Finally, Citigroup boosted their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research note on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 478.63.

Insiders Place Their Bets

In other news, insider Katie Bickerstaffe acquired 2,913 shares of Barratt Redrow stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of GBX 375 per share, for a total transaction of £10,923.75. 0.30% of the stock is owned by corporate insiders.

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.