Barratt Redrow’s (BTRW) Outperform Rating Reiterated at Royal Bank Of Canada

Barratt Redrow (LON:BTRW)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a report released on Wednesday, Digital Look reports. They presently have a GBX 350 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 14.37% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price target 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. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 303 target price on shares of Barratt Redrow in a research report on Wednesday, August 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 348 price objective on shares of Barratt Redrow in a report on Thursday, July 16th. Finally, Citigroup downgraded shares of Barratt Redrow to a “buy” rating in a research report on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 373.10.

Barratt Redrow Stock Performance

LON BTRW opened at GBX 306.03 on Wednesday. The business’s fifty day moving average is GBX 302.97 and its 200 day moving average is GBX 281.22. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 410.29. The company has a market capitalization of £4.24 billion, a PE ratio of 20.54 and a beta of 1.37.

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 3.60% and a return on equity of 2.73%.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average cost of GBX 294 per share, with a total value of £5,000.94. 0.31% of the stock is currently owned by company insiders.

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.