Barratt Redrow (LON:BTRW) Trading 11.7% Higher – Time to Buy?

Barratt Redrow plc (LON:BTRW) shares were up 11.7% during mid-day trading on Wednesday . The company traded as high as GBX 309.40 and last traded at GBX 308.80. Approximately 12,011,743 shares were traded during trading, a decline of 67% from the average daily volume of 36,625,148 shares. The stock had previously closed at GBX 276.40.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BTRW shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a report on Thursday, July 16th. Berenberg Bank reissued a “buy” rating and set a GBX 348 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. Jefferies Financial Group restated a “hold” rating and issued a GBX 303 price objective on shares of Barratt Redrow in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 373.10.

Barratt Redrow Trading Up 11.7%

The company has a market capitalization of £4.28 billion, a price-to-earnings ratio of 20.72 and a beta of 1.37. The firm’s 50 day simple moving average is GBX 302.26 and its 200-day simple moving average is GBX 281.63.

Barratt Redrow (LON:BTRW) last issued its earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Buying and Selling

In other Barratt Redrow news, insider Geeta Nanda acquired 1,701 shares of the stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of GBX 294 per share, with a total value of £5,000.94. 0.31% of the stock is currently owned by 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.