Barratt Redrow (LON:BTRW) Price Target Raised to GBX 323

Barratt Redrow (LON:BTRW) had its target price lifted by Jefferies Financial Group from GBX 303 to GBX 323 in a report released on Monday, Marketbeat.com reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other equities analysts have also recently weighed in on BTRW. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price target on shares of Barratt Redrow in a research note on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 370 target price on shares of Barratt Redrow in a research report on Monday, September 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their target price on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Finally, Citigroup downgraded Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 377.30.

Barratt Redrow Price Performance

Shares of LON:BTRW opened at GBX 332.20 on Monday. The stock has a market cap of £4.60 billion, a price-to-earnings ratio of 22.30 and a beta of 1.37. The stock’s 50 day moving average price is GBX 309.12 and its 200 day moving average price is GBX 280.81. Barratt Redrow has a 12 month low of GBX 235.40 and a 12 month high of GBX 410.29.

Barratt Redrow (LON:BTRW) last released its earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share (EPS) for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insider Activity at Barratt Redrow

In other Barratt Redrow news, insider Geeta Nanda bought 1,701 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of GBX 294 per share, for a total transaction of £5,000.94. Also, insider Katie Bickerstaffe bought 6,526 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of GBX 305 per share, with a total value of £19,904.30. 0.31% of the stock is owned by 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.