Barratt Redrow plc (LON:BTRW) Receives GBX 390.55 Average Target Price from Analysts

Shares of Barratt Redrow plc (LON:BTRW) have received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 373.10.

Several equities research analysts have recently weighed in on BTRW shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Berenberg Bank restated a “buy” rating and issued a GBX 348 price target on shares of Barratt Redrow in a research report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a report on Tuesday, June 16th. Finally, Citigroup cut shares of Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd.

Insider Buying and Selling

In related news, insider Geeta Nanda purchased 1,701 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of GBX 294 per share, with a total value of £5,000.94. 0.31% of the stock is currently owned by corporate insiders.

Barratt Redrow Price Performance

Barratt Redrow stock opened at GBX 296.20 on Thursday. The stock has a fifty day moving average price of GBX 301.56 and a two-hundred day moving average price of GBX 285.42. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. The firm has a market capitalization of £4.10 billion, a P/E ratio of 19.88 and a beta of 1.37.

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.