Barratt Redrow (LON:BTRW) Given “Buy” Rating at Berenberg Bank

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

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

Barratt Redrow Trading Down 0.5%

BTRW opened at GBX 304.10 on Monday. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 410.29. The business’s fifty day simple moving average is GBX 304.50 and its 200-day simple moving average is GBX 280.26. The company has a market capitalization of £4.21 billion, a price-to-earnings ratio of 20.41 and a beta of 1.37.

Barratt Redrow (LON:BTRW) last announced its quarterly 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 Transactions at Barratt Redrow

In other news, insider Katie Bickerstaffe purchased 6,526 shares of the stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of GBX 305 per share, for a total transaction of £19,904.30. Also, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average cost of GBX 294 per share, for a total transaction of £5,000.94. 0.31% 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.