Barratt Redrow (LON:BTRW) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Barratt Redrow (LON:BTRW) to an outperform rating in a research note issued to investors on Wednesday morning,London Stock Exchange reports. They currently have GBX 350 target price on the stock, down from their previous target price of GBX 425.

A number of other research firms have also recently commented on BTRW. Jefferies Financial Group lowered their target price on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a research note on Monday, January 19th. Citigroup increased their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Bank of America decreased their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 448.22.

Barratt Redrow Stock Performance

Shares of BTRW opened at GBX 259.60 on Wednesday. The company has a market capitalization of £3.66 billion, a price-to-earnings ratio of 17.42 and a beta of 1.30. The stock has a 50 day moving average of GBX 335.67 and a 200 day moving average of GBX 364.78. Barratt Redrow has a 12 month low of GBX 249.30 and a 12 month high of GBX 486.50.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings results on Thursday, February 12th. The company reported GBX 9.30 EPS for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insider Buying and Selling

In other news, insider Katie Bickerstaffe acquired 5,789 shares of Barratt Redrow stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of GBX 323 per share, with a total value of £18,698.47. Also, insider Nigel Webb bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of GBX 329 per share, for a total transaction of £49,350. 0.30% of the stock is currently owned by company insiders.

Barratt Redrow Company Profile

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.