Insider Buying: Barratt Redrow (LON:BTRW) Insider Buys £18,698.47 in Stock

Barratt Redrow plc (LON:BTRW) insider Katie Bickerstaffe acquired 5,789 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of GBX 323 per share, with a total value of £18,698.47.

Barratt Redrow Stock Down 1.1%

Shares of BTRW opened at GBX 299.90 on Thursday. The company has a market cap of £4.23 billion, a P/E ratio of 20.13 and a beta of 1.30. Barratt Redrow plc has a fifty-two week low of GBX 287.20 and a fifty-two week high of GBX 486.50. The firm’s 50 day moving average price is GBX 372.83 and its 200 day moving average price is GBX 376.20.

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 net margin of 3.60% and a return on equity of 2.73%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. Royal Bank Of Canada reduced their price target on Barratt Redrow from GBX 450 to GBX 425 and set a “sector perform” rating on the stock in a research report on Thursday, February 12th. The Goldman Sachs Group began coverage on Barratt Redrow in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 449 price objective for the company. Finally, Citigroup boosted their price objective on Barratt Redrow from GBX 506 to GBX 530 and gave the stock a “buy” rating in a research report on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 478.63.

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.