Barratt Redrow’s (BTRW) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Barratt Redrow (LON:BTRW) in a research note published on Thursday, Marketbeat.com reports. They currently have a GBX 348 price target on the stock.

Other research analysts also recently issued research reports about the stock. Bank of America dropped their price target on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday, April 15th. Jefferies Financial Group reissued a “hold” rating and set a GBX 289 target price on shares of Barratt Redrow in a research note on Tuesday, May 5th. Citigroup lowered 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. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Price Performance

Shares of BTRW stock opened at GBX 293.30 on Thursday. The stock has a market capitalization of £4.11 billion, a PE ratio of 19.68 and a beta of 1.36. The business’s 50 day simple moving average is GBX 265.16 and its 200 day simple moving average is GBX 305.03. Barratt Redrow has a one year low of GBX 235.40 and a one year high of GBX 410.29.

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.