Barratt Redrow’s (BTRW) “Buy” Rating Reaffirmed at Berenberg Bank

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Friday,Digital Look reports. They currently have a GBX 348 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 19.88% from the company’s previous close.

BTRW has been the topic of several other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday, April 15th. Citigroup lowered their target price on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a research note on Monday, April 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 289 price target on shares of Barratt Redrow in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday. Finally, Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and decreased their price objective for the company from GBX 425 to GBX 350 in a report on Wednesday, April 1st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Stock Performance

Shares of BTRW stock traded down GBX 3.70 during mid-day trading on Friday, hitting GBX 290.30. The company’s stock had a trading volume of 58,273,000 shares, compared to its average volume of 41,362,172. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 475.30. The business has a 50-day moving average price of GBX 258.21 and a 200 day moving average price of GBX 314.11. The stock has a market cap of £4.07 billion, a price-to-earnings ratio of 19.48 and a beta of 1.37.

Insider Activity at Barratt Redrow

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

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.