Analysts Set Barratt Redrow plc (LON:BTRW) PT at GBX 481.75

Shares of Barratt Redrow plc (LON:BTRW) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 481.75.

BTRW has been the topic of several recent analyst reports. Jefferies Financial Group cut their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a report on Monday, January 19th. The Goldman Sachs Group started coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a research note on Wednesday, November 5th. Royal Bank Of Canada lowered Barratt Redrow to a “sector perform” rating and lowered their price objective for the company from GBX 575 to GBX 450 in a report on Tuesday, December 2nd. Finally, Citigroup increased their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a report on Monday, December 8th.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe acquired 2,913 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of GBX 375 per share, with a total value of £10,923.75. 0.30% of the stock is owned by company insiders.

Barratt Redrow Trading Up 0.5%

Barratt Redrow stock opened at GBX 384.58 on Wednesday. Barratt Redrow has a 52 week low of GBX 287.20 and a 52 week high of GBX 486.50. The stock has a market cap of £5.43 billion and a P/E ratio of 28.92. The stock has a 50 day moving average of GBX 376.23 and a 200-day moving average of GBX 378.94.

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.