Analysts Set Barratt Redrow plc (LON:BTRW) PT at GBX 389.27

Shares of Barratt Redrow plc (LON:BTRW) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 389.27.

BTRW has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 target price on shares of Barratt Redrow in a report on Wednesday, April 15th. Bank of America lowered their price target on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. Citigroup lowered shares of Barratt Redrow to a “buy” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a research report on Tuesday, May 5th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 348 target price on shares of Barratt Redrow in a research note on Thursday, July 16th.

Barratt Redrow Price Performance

Shares of LON BTRW opened at GBX 287.20 on Wednesday. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 410.29. The business’s 50 day moving average is GBX 266.24 and its two-hundred day moving average is GBX 303.19. The stock has a market capitalization of £4.02 billion, a P/E ratio of 19.28 and a beta of 1.36.

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.