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

Barratt Redrow plc (LON:BTRW) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 397.64.

Several research firms have recently weighed in on BTRW. JPMorgan Chase & Co. decreased their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 365 target price on shares of Barratt Redrow in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Barratt Redrow to a “buy” rating and reduced their target price for the stock from GBX 454 to GBX 366 in a research note on Monday, April 20th. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and reduced their target price for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research note on Tuesday, May 5th.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe bought 5,687 shares of Barratt Redrow stock in a transaction on Wednesday, April 15th. The shares were bought at an average cost of GBX 262 per share, with a total value of £14,899.94. 0.30% of the stock is owned by company insiders.

Barratt Redrow Trading Down 1.1%

LON:BTRW opened at GBX 261 on Friday. The company’s 50-day moving average price is GBX 257.01 and its 200-day moving average price is GBX 317.51. The company has a market cap of £3.66 billion, a P/E ratio of 17.52 and a beta of 1.37. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 475.30.

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.