Barratt Redrow (LON:BTRW) Given "Buy" Rating at UBS Group

Key Points

• Barratt Redrow's stock received a "Buy" rating from UBS Group, which sets a target price of GBX 565, indicating a potential upside of 55.56% from current levels.
• Other analysts have mixed sentiments, with Royal Bank of Canada downgrading their price target to GBX 550, while Deutsche Bank maintains a "buy" rating with a target of GBX 536.
• Insider purchases include 2,500 shares by Mike Scott at GBX 386 each and 13,000 shares by Caroline Silver at GBX 375 each, highlighting confidence from company executives in its future performance.

UBS Group reaffirmed their buy rating on shares of Barratt Redrow (LON:BTRW - Free Report) in a report published on Friday, MarketBeat.com reports. The firm currently has a GBX 565 price target on the stock.

Several other analysts also recently commented on the company. Royal Bank Of Canada cut their target price on Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating on the stock in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 536 target price on shares of Barratt Redrow in a research note on Wednesday, July 16th. Berenberg Bank cut their target price on Barratt Redrow from GBX 485 to GBX 440 and set a "hold" rating on the stock in a research note on Monday, August 18th. Finally, Citigroup cut their target price on Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 520.20.

Barratt Redrow Stock Performance

Shares of Barratt Redrow stock traded up GBX 7.10 during midday trading on Friday, hitting GBX 367.40. The company had a trading volume of 396,845,969 shares, compared to its average volume of 11,662,527. The stock has a market capitalization of £5.23 billion and a P/E ratio of 3,566.99. The company has a 50 day moving average of GBX 386.56 and a 200 day moving average of GBX 423.71. Barratt Redrow has a 52-week low of GBX 347.60 and a 52-week high of GBX 507.40.

Insider Buying and Selling at Barratt Redrow

In other news, insider Caroline Silver purchased 13,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were purchased at an average cost of GBX 375 per share, with a total value of £48,750. Also, insider Mike Scott purchased 2,500 shares of the stock in a transaction dated Tuesday, July 15th. The shares were purchased at an average cost of GBX 386 per share, for a total transaction of £9,650. 0.34% of the stock is owned by corporate insiders.

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.