Barratt Redrow (LON:BTRW) Given "Hold" Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Barratt Redrow and set a GBX 303 price target, implying 7.87% downside from the current share price.
• Analyst sentiment remains broadly positive, with nine Buy ratings and two Holds; the consensus rating is “Moderate Buy” and the average price target is GBX 390.55.
• Barratt Redrow shares rose 3.0% to GBX 328.90, while insider Geeta Nanda purchased 1,701 shares worth approximately £5,001.

Barratt Redrow (LON:BTRW - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Jefferies Financial Group in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 303 price target on the stock. Jefferies Financial Group's price objective points to a potential downside of 7.87% from the stock's current price.

Several other research firms have also recently weighed in on BTRW. JPMorgan Chase & Co. decreased their target price on Barratt Redrow from GBX 520 to GBX 350 and set an "overweight" rating for the company in a research note on Tuesday, June 16th. Citigroup lowered shares of Barratt Redrow to a "buy" rating in a research note on Wednesday, July 22nd. Stifel Nicolaus reissued a "buy" rating and issued a GBX 365 price target on shares of Barratt Redrow in a research report on Wednesday, April 15th. Berenberg Bank restated a "buy" rating and issued a GBX 348 price objective on shares of Barratt Redrow in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Barratt Redrow from GBX 454 to GBX 366 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 390.55.

Barratt Redrow Trading Up 3.0%

Shares of LON:BTRW opened at GBX 328.90 on Wednesday. Barratt Redrow has a 52 week low of GBX 235.40 and a 52 week high of GBX 410.29. The company's 50 day moving average is GBX 281.63 and its two-hundred day moving average is GBX 295.36. The company has a market cap of £4.60 billion, a PE ratio of 22.07 and a beta of 1.36.

Insider Activity

In other Barratt Redrow news, insider Geeta Nanda bought 1,701 shares of the business's stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of GBX 294 per share, with a total value of £5,000.94. Company insiders own 0.30% 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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