Brokerages Set Barratt Redrow plc (LON:BTRW) Target Price at GBX 397.64

Barratt Redrow plc (LON:BTRW) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 397.64.

BTRW has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a GBX 365 price target on shares of Barratt Redrow in a research report on Wednesday, April 15th. 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 research note on Tuesday. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and cut their target price for the company from GBX 425 to GBX 350 in a report on Wednesday, April 1st. Bank of America decreased their target price on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th.

Insider Activity at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe bought 5,687 shares of Barratt Redrow stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average cost of GBX 262 per share, with a total value of £14,899.94. 0.30% of the stock is owned by company insiders.

Barratt Redrow Stock Up 4.6%

Shares of BTRW stock opened at GBX 293.80 on Friday. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 475.30. The stock has a market cap of £4.11 billion, a PE ratio of 19.72 and a beta of 1.37. The business has a 50-day simple moving average of GBX 257.51 and a 200-day simple moving average of GBX 314.73.

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.