Jefferies Financial Group Reaffirms Hold Rating for Barratt Redrow (LON:BTRW)

Key Points

• Jefferies reaffirmed its Hold rating on Barratt Redrow, with a GBX 323 price target implying just 0.25% upside from the previous close.
• Analyst sentiment is more positive overall: MarketBeat reports a “Moderate Buy” consensus, with eight Buy ratings and two Hold ratings and an average target of GBX 377.30.
• Barratt Redrow reported quarterly EPS of GBX 26.10; insider Katie Bickerstaffe also bought 6,526 shares at GBX 305 each.

Barratt Redrow (LON:BTRW - Get Free Report)'s stock had its "hold" rating reissued by Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 323 target price on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 0.25% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Citigroup cut shares of Barratt Redrow to a "buy" rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 350 price objective on shares of Barratt Redrow in a report on Wednesday, September 16th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 370 target price on shares of Barratt Redrow in a research report on Monday, September 21st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Barratt Redrow presently has a consensus rating of "Moderate Buy" and an average price target of GBX 377.30.

Barratt Redrow Stock Performance

Barratt Redrow stock opened at GBX 322.20 on Wednesday. Barratt Redrow has a one year low of GBX 235.40 and a one year high of GBX 406.50. The business has a fifty day moving average of GBX 311.10 and a two-hundred day moving average of GBX 302.20. The company has a market cap of £4.44 billion, a P/E ratio of 19.18 and a beta of 1.37.

Barratt Redrow (LON:BTRW - Get Free Report) last issued its earnings results on Wednesday, September 16th. The company reported GBX 26.10 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 news, insider Katie Bickerstaffe acquired 6,526 shares of Barratt Redrow stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of GBX 305 per share, with a total value of £19,904.30. Corporate insiders own 0.31% of the company's stock.

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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