Barratt Redrow (LON:BTRW) Stock Keeps “Buy” Rating at Berenberg Bank

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Monday, September 21st, Digital Look reports. They currently have a GBX 370 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 7.18% from the company’s previous close.

A number of other equities analysts also recently commented on BTRW. JPMorgan Chase & Co. reduced their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Citigroup downgraded Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group reissued a “hold” rating and set a GBX 303 price target on shares of Barratt Redrow in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft decreased their price target on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price objective on shares of Barratt Redrow in a research note on Wednesday, September 16th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 377.30.

Barratt Redrow Price Performance

Shares of BTRW traded up GBX 36.20 during mid-day trading on Monday, hitting GBX 345.20. 18,924,057 shares of the company’s stock were exchanged, compared to its average volume of 35,418,609. Barratt Redrow has a 52 week low of GBX 235.40 and a 52 week high of GBX 410.29. The company has a market cap of £4.78 billion, a PE ratio of 23.17 and a beta of 1.37. The company has a 50-day simple moving average of GBX 306.02 and a 200 day simple moving average of GBX 279.92.

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

Insider Activity

In other Barratt Redrow news, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of GBX 294 per share, with a total value of £5,000.94. Also, 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 price of GBX 305 per share, with a total value of £19,904.30. Company insiders own 0.31% 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.