Barratt Redrow (LON:BTRW) Issues Earnings Results

Barratt Redrow (LON:BTRW) announced its quarterly earnings data on Thursday. The company reported GBX 9.30 earnings per share for the quarter, Digital Look Earnings reports.

Barratt Redrow Trading Down 1.6%

LON:BTRW opened at GBX 386.65 on Friday. The stock has a market capitalization of £5.45 billion and a PE ratio of 29.07. Barratt Redrow has a 1-year low of GBX 287.20 and a 1-year high of GBX 486.50. The firm has a fifty day simple moving average of GBX 379.34 and a 200 day simple moving average of GBX 379.43.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BTRW. Jefferies Financial Group cut their price objective 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. Peel Hunt reissued a “buy” rating and issued a GBX 470 price target on shares of Barratt Redrow in a research note on Wednesday, November 5th. Citigroup lifted their price objective on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research note on Monday, December 8th. Royal Bank Of Canada decreased their price objective on Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group assumed coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Barratt Redrow currently has a consensus rating of “Moderate Buy” and an average target price of GBX 478.63.

About Barratt Redrow

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.