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

Shares of Barratt Redrow plc (LON:BTRW) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 389.27.

A number of brokerages recently weighed in on BTRW. Jefferies Financial Group restated a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a research report on Tuesday, May 5th. Bank of America dropped their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research report on Friday, March 27th. JPMorgan Chase & Co. reduced their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Citigroup lowered their price objective on 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, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a report on Wednesday, April 15th.

Barratt Redrow Stock Performance

Shares of BTRW opened at GBX 278.50 on Wednesday. Barratt Redrow has a 52 week low of GBX 235.40 and a 52 week high of GBX 410.29. The stock has a market capitalization of £3.90 billion, a price-to-earnings ratio of 18.69 and a beta of 1.36. The stock has a fifty day moving average of GBX 263.55 and a 200-day moving average of GBX 306.30.

About Barratt Redrow

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.