Royal Bank Of Canada Reaffirms “Outperform” Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 350 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 26.40% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research note on Tuesday, June 16th. Berenberg Bank restated a “buy” rating and issued a GBX 348 price target on shares of Barratt Redrow in a report on Friday, June 26th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday, April 15th. Bank of America cut their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Finally, Citigroup lowered their price target on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and an average price target of GBX 389.27.

Barratt Redrow Trading Down 2.3%

Shares of BTRW stock opened at GBX 276.90 on Wednesday. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 430.50. The stock’s 50-day moving average price is GBX 260.79 and its 200-day moving average price is GBX 309.56. The stock has a market capitalization of £3.88 billion, a price-to-earnings ratio of 18.58 and a beta of 1.36.

Insider Buying and Selling

In related news, insider Katie Bickerstaffe purchased 5,687 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was bought at an average cost of GBX 262 per share, with a total value of £14,899.94. 0.30% of the stock is currently owned by company 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.