Jefferies Financial Group Reaffirms “Hold” Rating for Barratt Redrow (LON:BTRW)

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 323 price objective on the stock. Jefferies Financial Group‘s target price would suggest a potential upside of 0.25% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Citigroup cut shares of Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a research note on Wednesday, September 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 370 target price on shares of Barratt Redrow in a research note on Monday, September 21st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 377.30.

Barratt Redrow Trading Up 1.0%

LON:BTRW opened at GBX 322.20 on Wednesday. The company has a market capitalization of £4.44 billion, a P/E ratio of 19.18 and a beta of 1.37. The firm has a 50-day moving average price of GBX 311.10 and a two-hundred day moving average price of GBX 302.20. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 406.50.

Barratt Redrow (LON:BTRW) last announced its quarterly 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 4.02% and a return on equity of 3.13%.

Insider Buying and Selling

In other Barratt Redrow news, insider Katie Bickerstaffe bought 6,526 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of GBX 305 per share, for a total transaction 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.