Barratt Redrow's (BTRW) Hold Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Barratt Redrow and maintained a GBX 323 price target, implying approximately 1.29% upside from the stock’s current price.
• Analyst sentiment remains generally positive, with eight Buy ratings and two Holds giving the company a “Moderate Buy” consensus and an average price target of GBX 377.30.
• Barratt Redrow shares opened at GBX 318.90, while the company reported quarterly EPS of GBX 26.10, a 4.02% net margin and a 3.13% return on equity.

Barratt Redrow (LON:BTRW - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 323 price target on the stock. Jefferies Financial Group's price objective indicates a potential upside of 1.29% from the stock's current price.

A number of other analysts have also weighed in on BTRW. Citigroup lowered Barratt Redrow to a "buy" rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 350 price objective on shares of Barratt Redrow in a research note on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Barratt Redrow from GBX 454 to GBX 366 and set a "buy" rating for the company in a report on Tuesday, June 23rd. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 370 target price on shares of Barratt Redrow in a research note on Monday, September 21st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Barratt Redrow currently has an average rating of "Moderate Buy" and an average price target of GBX 377.30.

Barratt Redrow Stock Performance

Shares of BTRW stock opened at GBX 318.90 on Wednesday. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 410.29. The company has a 50 day moving average price of GBX 309.45 and a 200 day moving average price of GBX 284.41. The stock has a market capitalization of £4.39 billion, a P/E ratio of 18.98 and a beta of 1.37.

Barratt Redrow (LON:BTRW - Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share (EPS) for the quarter. Barratt Redrow had a net margin of 4.02% and a return on equity of 3.13%.

Insider Transactions at Barratt Redrow

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 6,526 shares of the firm's stock in a transaction on Wednesday, September 16th. The stock was bought at an average cost of GBX 305 per share, with a total value of £19,904.30. 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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