Barratt Redrow plc (LON:BTRW) Receives GBX 490.75 Average PT from Analysts

Shares of Barratt Redrow plc (LON:BTRW) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 490.75.

Several research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Barratt Redrow from GBX 487 to GBX 486 and set a “buy” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada lowered shares of Barratt Redrow to a “sector perform” rating and decreased their target price for the company from GBX 575 to GBX 450 in a research note on Tuesday, December 2nd. Citigroup raised their price target on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research note on Monday, December 8th. UBS Group reiterated a “buy” rating and set a GBX 565 price objective on shares of Barratt Redrow in a research report on Friday, September 5th. Finally, The Goldman Sachs Group initiated coverage on Barratt Redrow in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 449 target price on the stock.

Barratt Redrow Stock Performance

BTRW opened at GBX 374.20 on Friday. The company’s 50-day simple moving average is GBX 379.66 and its two-hundred day simple moving average is GBX 388.80. The stock has a market capitalization of £5.29 billion and a P/E ratio of 28.14. Barratt Redrow has a 52-week low of GBX 287.20 and a 52-week high of GBX 486.50.

Insider Activity at Barratt Redrow

In related news, insider Katie Bickerstaffe purchased 2,913 shares of Barratt Redrow stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of GBX 375 per share, with a total value of £10,923.75. Insiders own 0.30% 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.