Barratt Redrow (LON:BTRW) Raised to “Outperform” at Royal Bank Of Canada

Barratt Redrow (LON:BTRW) was upgraded by stock analysts at Royal Bank Of Canada to an “outperform” rating in a research note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has a GBX 350 target price on the stock, down from their previous target price of GBX 425. Royal Bank Of Canada’s price target would suggest a potential upside of 33.76% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group decreased their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a research note on Monday, January 19th. Bank of America decreased their price target on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a report on Friday, March 27th. Finally, Citigroup increased their target price on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 448.22.

Barratt Redrow Stock Up 0.5%

Shares of LON BTRW traded up GBX 1.36 during trading on Wednesday, reaching GBX 261.66. The company had a trading volume of 9,992,795 shares, compared to its average volume of 33,030,527. The stock has a market cap of £3.69 billion, a P/E ratio of 17.56 and a beta of 1.30. The company’s fifty day moving average price is GBX 342.95 and its 200-day moving average price is GBX 367. Barratt Redrow has a 12 month low of GBX 249.30 and a 12 month high of GBX 486.50.

Barratt Redrow (LON:BTRW) last posted its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 EPS for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe acquired 5,789 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb bought 15,000 shares of Barratt Redrow stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of GBX 329 per share, for a total transaction of £49,350. Company insiders own 0.30% of the company’s stock.

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.