Royal Bank Of Canada Upgrades Barratt Redrow (LON:BTRW) to Outperform

Barratt Redrow (LON:BTRW) was upgraded by equities research analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued on Wednesday,London Stock Exchange reports. The brokerage presently has a GBX 350 target price on the stock, down from their previous target price of GBX 425. Royal Bank Of Canada’s target price would suggest a potential upside of 34.82% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Bank of America dropped their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Citigroup lifted their target price on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Jefferies Financial Group dropped their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 448.22.

Barratt Redrow Trading Down 1.3%

Shares of LON BTRW opened at GBX 259.60 on Wednesday. Barratt Redrow has a one year low of GBX 249.30 and a one year high of GBX 486.50. The business has a 50-day moving average price of GBX 338.13 and a two-hundred day moving average price of GBX 365.52. The firm has a market capitalization of £3.66 billion, a PE ratio of 17.42 and a beta of 1.30.

Barratt Redrow (LON:BTRW) last issued its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insider Buying and Selling

In other news, insider Nigel Webb acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe acquired 5,789 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of GBX 323 per share, for a total transaction of £18,698.47. Corporate insiders own 0.30% of the company’s stock.

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.