Barratt Redrow plc (LON:BTRW) Stock Has Consensus Price Target of GBX 375.30 According to Analysts

Shares of Barratt Redrow plc (LON:BTRW) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 377.30.

Several brokerages have weighed in on BTRW. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 price target on shares of Barratt Redrow in a report on Monday, September 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a research note on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft decreased 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 report on Tuesday, June 23rd. Citigroup cut Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their target price 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.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe bought 6,526 shares of Barratt Redrow stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of GBX 305 per share, with a total value of £19,904.30. Also, 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 price of GBX 294 per share, with a total value of £5,000.94. Company insiders own 0.31% of the company’s stock.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at GBX 314.30 on Monday. Barratt Redrow has a 1 year low of GBX 235.40 and a 1 year high of GBX 410.29. The business has a 50 day moving average price of GBX 310.14 and a 200 day moving average price of GBX 281.24. The company has a market capitalization of £4.35 billion, a P/E ratio of 21.09 and a beta of 1.37.

Barratt Redrow (LON:BTRW) last posted its quarterly earnings data on Wednesday, September 16th. The company reported GBX 26.10 EPS for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

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.