Analysts Set Barratt Redrow plc (LON:BTRW) Price Target at GBX 389.27

Shares of Barratt Redrow plc (LON:BTRW) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 389.27.

A number of research firms recently commented on BTRW. Deutsche Bank Aktiengesellschaft lowered their price target 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. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 price target on shares of Barratt Redrow in a report on Thursday, July 16th. Berenberg Bank restated a “buy” rating and issued a GBX 348 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Citigroup lowered shares of Barratt Redrow to a “buy” rating in a report on Wednesday, July 22nd.

Insider Buying and Selling

In other Barratt Redrow news, insider Geeta Nanda acquired 1,701 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of GBX 294 per share, for a total transaction of £5,000.94. 0.30% of the stock is owned by insiders.

Barratt Redrow Stock Performance

LON:BTRW opened at GBX 319.80 on Friday. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 410.29. The firm has a market cap of £4.47 billion, a PE ratio of 21.46 and a beta of 1.36. The business has a 50 day moving average price of GBX 281.63 and a 200-day moving average price of GBX 295.36.

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.