Citigroup Forecasts Strong Price Appreciation for Barratt Redrow (LON:BTRW) Stock

Barratt Redrow (LON:BTRW) had its price target upped by equities researchers at Citigroup from GBX 506 to GBX 530 in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 45.72% from the stock’s previous close.

BTRW has been the topic of a number of other reports. Berenberg Bank reissued a “hold” rating and issued a GBX 440 price target on shares of Barratt Redrow in a research report on Monday, September 8th. Peel Hunt reiterated a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a research note on Wednesday, November 5th. The Goldman Sachs Group began coverage on Barratt Redrow in a report on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock. UBS Group restated a “buy” rating and set a GBX 565 price target on shares of Barratt Redrow in a report on Friday, September 5th. Finally, Royal Bank Of Canada lowered Barratt Redrow to a “sector perform” rating and lowered their price target for the stock from GBX 575 to GBX 450 in a research report on Tuesday, December 2nd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 490.75.

Barratt Redrow Trading Up 0.1%

BTRW stock opened at GBX 363.70 on Monday. The stock has a market capitalization of £5.14 billion and a price-to-earnings ratio of 27.35. The firm’s 50-day moving average price is GBX 384.80 and its two-hundred day moving average price is GBX 397.63. Barratt Redrow has a 12-month low of GBX 287.20 and a 12-month high of GBX 486.50.

Barratt Redrow (LON:BTRW) last announced its quarterly earnings results on Wednesday, September 17th. The company reported GBX 25.50 EPS for the quarter.

Insider Buying and Selling at Barratt Redrow

In related news, insider Geeta Nanda acquired 1,347 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was purchased at an average cost of GBX 369 per share, with a total value of £4,970.43. Also, insider Katie Bickerstaffe acquired 5,037 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were bought at an average price of GBX 374 per share, for a total transaction of £18,838.38. In the last 90 days, insiders have purchased 22,572 shares of company stock worth $8,477,931. Company insiders own 0.30% of the company’s stock.

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.