Barratt Redrow plc (LON:BTRW) Receives GBX 478.63 Average PT from Analysts

Barratt Redrow plc (LON:BTRW) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 478.63.

A number of brokerages have weighed in on BTRW. Citigroup upped their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research report on Monday, December 8th. Royal Bank Of Canada cut 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, February 12th. Jefferies Financial Group reduced their target price on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Finally, The Goldman Sachs Group began coverage on shares of Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock.

Insider Transactions at Barratt Redrow

In other news, insider Katie Bickerstaffe bought 5,789 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of GBX 329 per share, with a total value of £49,350. 0.30% of the stock is owned by insiders.

Barratt Redrow Stock Performance

Shares of BTRW stock opened at GBX 279.10 on Thursday. The firm has a fifty day moving average of GBX 363.52 and a 200-day moving average of GBX 373.31. The stock has a market cap of £3.94 billion, a price-to-earnings ratio of 18.73 and a beta of 1.30. Barratt Redrow has a 52-week low of GBX 277.90 and a 52-week high of GBX 486.50.

Barratt Redrow (LON:BTRW) last issued its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.