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

Barratt Redrow (LON:BTRW)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 350 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 26.40% from the stock’s current price.

A number of other brokerages have also weighed in on BTRW. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft cut 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 reissued a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a report on Tuesday, May 5th. Bank of America decreased 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, JPMorgan Chase & Co. dropped their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Barratt Redrow currently has a consensus rating of “Moderate Buy” and an average price target of GBX 389.27.

Barratt Redrow Stock Down 2.3%

BTRW opened at GBX 276.90 on Wednesday. The firm’s fifty day simple moving average is GBX 260.79 and its two-hundred day simple moving average is GBX 309.56. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 430.50. The company has a market cap of £3.88 billion, a price-to-earnings ratio of 18.58 and a beta of 1.36.

Insider Buying and Selling

In other Barratt Redrow news, insider Katie Bickerstaffe acquired 5,687 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was bought at an average price of GBX 262 per share, for a total transaction of £14,899.94. Insiders own 0.30% 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.