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Barratt Redrow (LON:BTRW) Posts Quarterly Earnings Results

Barratt Redrow logo with Consumer Cyclical background

Key Points

  • Barratt Redrow reported an earnings per share (EPS) of GBX 25.50 for the quarter, with the stock currently trading at GBX 367.80.
  • Analysts have issued mixed ratings on Barratt Redrow, with a consensus rating of "Moderate Buy" and an average price target of GBX 520.20.
  • Insiders have recently shown confidence in the company, with notable acquisitions of shares by insiders Caroline Silver and Mike Scott, totaling approximately £58,400.
  • MarketBeat previews the top five stocks to own by October 1st.

Barratt Redrow (LON:BTRW - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX 25.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Barratt Redrow Stock Down 0.4%

BTRW stock traded down GBX 1.50 during trading on Friday, hitting GBX 375.70. The company had a trading volume of 11,673,988 shares, compared to its average volume of 11,358,130. The firm has a 50-day moving average price of GBX 374.32 and a 200-day moving average price of GBX 419.92. Barratt Redrow has a 12 month low of GBX 347.60 and a 12 month high of GBX 507.40. The stock has a market cap of £5.34 billion and a price-to-earnings ratio of 3,647.57.

Insider Activity at Barratt Redrow

In related news, insider Geeta Nanda acquired 1,347 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was purchased at an average price of GBX 369 per share, for a total transaction of £4,970.43. Also, insider Katie Bickerstaffe acquired 5,037 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was bought at an average price of GBX 374 per share, with a total value of £18,838.38. Over the last 90 days, insiders have bought 21,884 shares of company stock worth $8,220,881. Company insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BTRW shares. Berenberg Bank reissued a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a report on Monday, September 8th. Citigroup reduced their target price on Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 536 target price on shares of Barratt Redrow in a report on Wednesday, July 16th. UBS Group reissued a "buy" rating and issued a GBX 565 target price on shares of Barratt Redrow in a report on Friday, September 5th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 470 target price on shares of Barratt Redrow in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 511.83.

Get Our Latest Stock Report on Barratt Redrow

About Barratt Redrow

(Get Free Report)

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.

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