Brokerages Set Barratt Redrow plc (LON:BTRW) PT at GBX 397.64

Barratt Redrow plc (LON:BTRW) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 389.27.

A number of equities research analysts recently issued reports on BTRW shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 289 price objective on shares of Barratt Redrow in a report on Tuesday, May 5th. Bank of America decreased their target price 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and decreased their target price for the company from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th.

Barratt Redrow Trading Down 1.3%

Shares of BTRW opened at GBX 290.30 on Friday. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 475.30. The firm has a 50-day moving average price of GBX 258.73 and a 200 day moving average price of GBX 313.95. The firm has a market capitalization of £4.07 billion, a P/E ratio of 19.48 and a beta of 1.37.

Insider Activity

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 5,687 shares of Barratt Redrow stock in a transaction dated Wednesday, April 15th. The shares were acquired at an average price of GBX 262 per share, with a total value of £14,899.94. Corporate insiders own 0.30% of the company’s stock.

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.