Barratt Redrow plc (LON:BTRW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Barratt Redrow plc (LON:BTRW) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 402.40.

A number of analysts have recently weighed in on the stock. Bank of America reduced their price target on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft lowered shares of Barratt Redrow to a “buy” rating and reduced their price target for the stock from GBX 454 to GBX 366 in a research note on Monday, April 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and reduced their price target for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Finally, Citigroup cut their target price on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research note on Monday, April 20th.

Insider Activity at Barratt Redrow

In other Barratt Redrow news, insider Nigel Webb bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average cost of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe bought 5,687 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average cost of GBX 262 per share, with a total value of £14,899.94. Over the last three months, insiders have purchased 26,476 shares of company stock valued at $8,294,841. Company insiders own 0.30% of the company’s stock.

Barratt Redrow Stock Performance

Shares of LON:BTRW opened at GBX 254.70 on Tuesday. The company has a 50 day moving average of GBX 260.92 and a 200-day moving average of GBX 333.97. The firm has a market cap of £3.57 billion, a P/E ratio of 17.09 and a beta of 1.36. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month 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.