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

Shares of Barratt Redrow plc (LON:BTRW) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 481.75.

Several research analysts have recently commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 470 price objective on shares of Barratt Redrow in a research note on Wednesday, November 5th. Royal Bank Of Canada downgraded shares of Barratt Redrow to a “sector perform” rating and lowered their price target for the company from GBX 575 to GBX 450 in a report on Tuesday, December 2nd. Citigroup upped their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research report on Monday, December 8th. Jefferies Financial Group decreased their price objective on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group assumed coverage on shares of Barratt Redrow in a research note on Monday, November 24th. They set a “buy” rating and a GBX 449 target price on the stock.

Insider Buying and Selling at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe bought 2,913 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of GBX 375 per share, for a total transaction of £10,923.75. 0.30% of the stock is currently owned by company insiders.

Barratt Redrow Stock Performance

Shares of Barratt Redrow stock opened at GBX 377.50 on Wednesday. The stock has a market cap of £5.33 billion and a P/E ratio of 28.38. The stock’s fifty day moving average is GBX 376.53 and its 200 day moving average is GBX 379.80. Barratt Redrow has a one year low of GBX 287.20 and a one year high of GBX 486.50.

Barratt Redrow Company Profile

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.