Barratt Redrow (LON:BTRW) Earns Outperform Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “outperform” rating on Barratt Redrow and set a GBX 350 price target, implying 14.37% potential upside from the current price.
• Analyst sentiment remains positive overall, with eight “buy” ratings and two “hold” ratings; the consensus rating is “Moderate Buy” with an average target of GBX 373.10.
• Barratt Redrow shares opened at GBX 306.03, with a £4.24 billion market capitalization. The company recently reported quarterly EPS of GBX 26.10, while insider Geeta Nanda purchased approximately £5,001 worth of shares.

Barratt Redrow (LON:BTRW - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 350 price objective on the stock. Royal Bank Of Canada's target price points to a potential upside of 14.37% from the company's current price.

Several other analysts have also issued reports on BTRW. Berenberg Bank restated a "buy" rating and issued a GBX 348 target price on shares of Barratt Redrow in a research note on Thursday, July 16th. Citigroup downgraded shares of Barratt Redrow to a "buy" rating in a report on Wednesday, July 22nd. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 303 target price on shares of Barratt Redrow in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an "overweight" rating on the stock in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 373.10.

Barratt Redrow Price Performance

BTRW opened at GBX 306.03 on Wednesday. The business has a fifty day simple moving average of GBX 302.97 and a 200 day simple moving average of GBX 281.22. The company has a market capitalization of £4.24 billion, a PE ratio of 20.54 and a beta of 1.37. Barratt Redrow has a 1 year low of GBX 235.40 and a 1 year high of GBX 410.29.

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

Insider Buying and Selling

In related news, insider Geeta Nanda bought 1,701 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought 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 insiders.

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.

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