Barratt Redrow (LON:BTRW) Receives Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Barratt Redrow (LON:BTRW) in a report released on Wednesday morning,Digital Look reports. They currently have a GBX 350 price objective on the stock.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. cut their price objective on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Citigroup lowered Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 303 target price on shares of Barratt Redrow in a report on Wednesday, August 12th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 348 target price on shares of Barratt Redrow in a research report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 373.10.

Barratt Redrow Trading Down 0.6%

Shares of BTRW stock opened at GBX 306.90 on Wednesday. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29. The stock has a market cap of £4.25 billion, a P/E ratio of 20.60 and a beta of 1.37. The stock has a 50 day moving average of GBX 302.97 and a 200 day moving average of GBX 281.22.

Barratt Redrow (LON:BTRW) last posted its earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share (EPS) for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Activity

In related news, insider Geeta Nanda acquired 1,701 shares of Barratt Redrow stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of GBX 294 per share, for a total transaction of £5,000.94. Corporate insiders own 0.31% of the company’s stock.

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.