Barratt Redrow plc (LON:BTRW) Receives GBX 481.75 Average Target Price from Analysts

Barratt Redrow plc (LON:BTRW) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 481.75.

Several brokerages recently commented on BTRW. Jefferies Financial Group cut their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 470 price objective on shares of Barratt Redrow in a report on Wednesday, November 5th. Royal Bank Of Canada cut Barratt Redrow to a “sector perform” rating and cut their target price for the stock from GBX 575 to GBX 450 in a research report on Tuesday, December 2nd. Citigroup upped their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, The Goldman Sachs Group initiated coverage on Barratt Redrow in a research note on Monday, November 24th. They set a “buy” rating and a GBX 449 price target on the stock.

Insider Activity

In other Barratt Redrow news, insider Katie Bickerstaffe bought 2,913 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of GBX 375 per share, for a total transaction of £10,923.75. Company insiders own 0.30% of the company’s stock.

Barratt Redrow Trading Up 0.0%

BTRW stock opened at GBX 382.50 on Wednesday. The stock has a market cap of £5.40 billion and a P/E ratio of 28.76. Barratt Redrow has a twelve month low of GBX 287.20 and a twelve month high of GBX 486.50. The company’s 50 day moving average is GBX 376.23 and its two-hundred day moving average is GBX 379.52.

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.