Barratt Redrow (LON:BTRW) Earns “Hold” Rating from Jefferies Financial Group

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 323 price objective on the stock. Jefferies Financial Group‘s price objective points to a potential downside of 1.04% from the stock’s current price.

BTRW has been the subject of a number of other reports. Berenberg Bank restated a “buy” rating and issued a GBX 370 price target on shares of Barratt Redrow in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 350 price objective on shares of Barratt Redrow in a research report on Wednesday, September 16th. Finally, Citigroup downgraded Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Barratt Redrow currently has a consensus rating of “Moderate Buy” and an average price target of GBX 377.30.

Barratt Redrow Price Performance

Shares of LON BTRW opened at GBX 326.40 on Wednesday. The company has a 50 day simple moving average of GBX 309.31 and a 200 day simple moving average of GBX 285.57. The firm has a market cap of £4.50 billion, a PE ratio of 19.43 and a beta of 1.37. Barratt Redrow has a 1 year low of GBX 235.40 and a 1 year high of GBX 410.29.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe purchased 6,526 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of GBX 305 per share, with a total value of £19,904.30. 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.