Barratt Redrow (LON:BTRW) Receives "Buy" Rating from Peel Hunt

Key Points

• Barratt Redrow has been reaffirmed with a "buy" rating by Peel Hunt, with a price target of GBX 470, indicating a potential upside of 24.50% from its current price.
• Several other analysts, including Deutsche Bank and UBS Group, have also issued "buy" ratings, setting varying price targets, with a consensus target of GBX 511.83.
• The stock's recent performance shows a fifty-two week range between GBX 347.60 and GBX 507.40, and the company reported earnings of GBX 25.50 per share last quarter.

Peel Hunt reissued their buy rating on shares of Barratt Redrow (LON:BTRW - Free Report) in a research note published on Wednesday, Marketbeat reports. Peel Hunt currently has a GBX 470 target price on the stock.

Other analysts have also recently issued reports about the stock. Berenberg Bank reissued a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a research note on Monday, September 8th. UBS Group restated a "buy" rating and issued a GBX 565 target price on shares of Barratt Redrow in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 536 price objective on shares of Barratt Redrow in a research note on Wednesday, July 16th. Royal Bank Of Canada decreased their target price on shares of Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating for the company in a research report on Wednesday, July 16th. Finally, Citigroup decreased their price objective on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating for the company in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 511.83.

Barratt Redrow Stock Performance

LON:BTRW traded down GBX 5.10 during mid-day trading on Wednesday, reaching GBX 370.60. The stock had a trading volume of 3,188,302 shares, compared to its average volume of 11,314,123. Barratt Redrow has a twelve month low of GBX 347.60 and a twelve month high of GBX 507.40. The firm has a market capitalization of £5.27 billion and a price-to-earnings ratio of 3,598.06. The business has a 50 day simple moving average of GBX 374.32 and a 200 day simple moving average of GBX 419.95.

Barratt Redrow (LON:BTRW - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported GBX 25.50 earnings per share (EPS) for the quarter.

Insider Activity

In related news, insider Mike Scott purchased 2,500 shares of Barratt Redrow stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of GBX 386 per share, for a total transaction of £9,650. Also, insider Caroline Silver purchased 13,000 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was purchased at an average price of GBX 375 per share, with a total value of £48,750. Over the last quarter, insiders bought 21,884 shares of company stock valued at $8,220,881. Company insiders own 0.34% of the company's stock.

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.