Barratt Redrow’s (BTRW) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Barratt Redrow (LON:BTRW) in a report issued on Wednesday, Marketbeat reports. The firm currently has a GBX 303 price objective on the stock.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a research note on Thursday, July 16th. Stifel Nicolaus reissued a “buy” rating and set a GBX 365 price target on shares of Barratt Redrow in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a report on Tuesday, June 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 348 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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, June 23rd. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 390.55.

Barratt Redrow Trading Down 0.7%

Shares of LON:BTRW opened at GBX 326.30 on Wednesday. The stock’s fifty day simple moving average is GBX 285.57 and its two-hundred day simple moving average is GBX 294.78. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 410.29. The stock has a market cap of £4.56 billion, a PE ratio of 21.90 and a beta of 1.36.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Geeta Nanda bought 1,701 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average cost of GBX 294 per share, with a total value of £5,000.94. 0.30% of the stock is owned by company insiders.

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.