Barratt Redrow (LON:BTRW) Stock Price Target Raised at Jefferies Financial Group

Key Points

• Jefferies raised Barratt Redrow’s price target from GBX 303 to GBX 323 while maintaining a “hold” rating, implying 6.84% downside from the current price.
• Analyst sentiment remains broadly positive, with eight “buy” ratings and two “hold” ratings producing a “Moderate Buy” consensus and an average target of GBX 377.30.
• The stock opened at GBX 346.70 and is up 12.2%; recent results showed quarterly EPS of GBX 26.10, while insiders purchased shares in two transactions totaling nearly £25,000.

Barratt Redrow (LON:BTRW - Get Free Report) had its price objective upped by equities researchers at Jefferies Financial Group from GBX 303 to GBX 323 in a research note issued to investors on Monday, London Stock Exchange reports. The firm presently has a "hold" rating on the stock. Jefferies Financial Group's price objective would suggest a potential downside of 6.84% from the company's current price.

A number of other analysts also recently weighed in on the stock. Citigroup downgraded shares of Barratt Redrow to a "buy" rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Berenberg Bank restated a "buy" rating and issued a GBX 370 price objective on shares of Barratt Redrow in a report on Monday, September 21st. JPMorgan Chase & Co. decreased their target price 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, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 350 target price on shares of Barratt Redrow in a report on Wednesday, September 16th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 377.30.

Barratt Redrow Stock Up 12.2%

LON BTRW opened at GBX 346.70 on Monday. Barratt Redrow has a twelve month low of GBX 235.40 and a twelve month high of GBX 410.29. The firm has a market capitalization of £4.80 billion, a PE ratio of 23.27 and a beta of 1.37. The stock's 50 day moving average is GBX 306.02 and its 200 day moving average is GBX 279.92.

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 for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insider Buying and Selling at Barratt Redrow

In related news, insider Katie Bickerstaffe purchased 6,526 shares of the stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average price of GBX 305 per share, with a total value of £19,904.30. Also, insider Geeta Nanda purchased 1,701 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of GBX 294 per share, for a total transaction of £5,000.94. 0.31% 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.

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