Barratt Redrow’s (BTRW) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Barratt Redrow (LON:BTRW) in a research report released on Monday morning,Digital Look reports. Berenberg Bank currently has a GBX 370 price objective on the stock.

A number of other analysts have also commented on BTRW. Citigroup lowered shares of Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 303 price objective on shares of Barratt Redrow in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 350 price objective on shares of Barratt Redrow in a research report on Wednesday, September 16th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 375.30.

Barratt Redrow Stock Down 1.8%

Shares of LON BTRW opened at GBX 303.70 on Monday. The stock’s fifty day simple moving average is GBX 305.39 and its 200 day simple moving average is GBX 279.96. The stock has a market capitalization of £4.21 billion, a price-to-earnings ratio of 20.38 and a beta of 1.37. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29.

Barratt Redrow (LON:BTRW) last announced its earnings results 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%.

Insider Activity at Barratt Redrow

In related news, insider Katie Bickerstaffe acquired 6,526 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of GBX 305 per share, for a total transaction of £19,904.30. Also, insider Geeta Nanda bought 1,701 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was bought 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.

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.