Barratt Redrow plc (LON:BTRW) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Barratt Redrow plc (LON:BTRW) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 490.75.

Several equities research analysts have recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 470 price objective on shares of Barratt Redrow in a research report on Wednesday, November 5th. Jefferies Financial Group cut their target price on shares of Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating for the company in a research note on Monday, November 10th. Citigroup increased their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. The Goldman Sachs Group began coverage on shares of Barratt Redrow in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 449 price target on the stock. Finally, Royal Bank Of Canada lowered shares of Barratt Redrow to a “sector perform” rating and cut their price objective for the company from GBX 575 to GBX 450 in a research report on Tuesday, December 2nd.

Barratt Redrow Trading Up 0.3%

LON BTRW opened at GBX 373.20 on Friday. The company has a fifty day simple moving average of GBX 379.81 and a 200 day simple moving average of GBX 390.77. The company has a market cap of £5.27 billion and a P/E ratio of 28.06. Barratt Redrow has a 1 year low of GBX 287.20 and a 1 year high of GBX 486.50.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe purchased 2,913 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased 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 company insiders.

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.