Barratt Redrow’s (BTRW) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Barratt Redrow (LON:BTRW) in a report published on Thursday,Digital Look reports. The firm currently has a GBX 350 price target on the stock.

Several other research analysts have also recently weighed in on BTRW. Berenberg Bank reiterated a “buy” rating and set a GBX 348 price target on shares of Barratt Redrow in a research note on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Citigroup decreased their target price on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 289 price target on shares of Barratt Redrow in a research report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Stock Down 0.2%

Shares of BTRW opened at GBX 293.30 on Thursday. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29. The stock has a market capitalization of £4.11 billion, a P/E ratio of 19.68 and a beta of 1.36. The firm has a fifty day simple moving average of GBX 265.16 and a two-hundred day simple moving average of GBX 305.03.

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.