Analysts Set Barratt Redrow plc (LON:BTRW) PT at GBX 448.22

Shares of Barratt Redrow plc (LON:BTRW) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 448.22.

A number of brokerages have weighed in on BTRW. Bank of America decreased their price target on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada upgraded shares of Barratt Redrow to an “outperform” rating and decreased their price target for the company from GBX 425 to GBX 350 in a report on Wednesday, April 1st. Finally, Jefferies Financial Group decreased their price target on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a report on Monday, January 19th.

Barratt Redrow Stock Performance

BTRW stock opened at GBX 268.09 on Monday. The stock has a market capitalization of £3.77 billion, a P/E ratio of 17.99 and a beta of 1.43. Barratt Redrow has a one year low of GBX 249.30 and a one year high of GBX 486.50. The company has a 50 day moving average price of GBX 327.97 and a two-hundred day moving average price of GBX 362.34.

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

Insiders Place Their Bets

In related news, insider Katie Bickerstaffe purchased 5,789 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was bought at an average price of GBX 329 per share, for a total transaction of £49,350. 0.30% of the stock is 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.