Barratt Redrow (LON:BTRW) Receives "Buy" Rating from 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 restated their buy rating on shares of Barratt Redrow (LON:BTRW - Free Report) in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has a GBX 565 target price on the stock.

A number of other research analysts also recently issued reports on the company. Citigroup lowered their price target 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 reaffirmed a "buy" rating and set a GBX 536 price target on shares of Barratt Redrow in a report on Wednesday, July 16th. Royal Bank Of Canada lowered their price objective on shares of Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Finally, Berenberg Bank lowered their price objective on shares of Barratt Redrow from GBX 485 to GBX 440 and set a "hold" rating on the stock in a research report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 520.20.

Barratt Redrow Stock Up 0.1%

Shares of LON BTRW traded up GBX 0.20 during trading on Friday, reaching GBX 363.80. The company had a trading volume of 4,784,381 shares, compared to its average volume of 11,523,318. 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 £5.17 billion and a PE ratio of 3,532.04. The business's 50-day moving average is GBX 383.34 and its 200 day moving average is GBX 422.96.

Insider Activity at Barratt Redrow

In other Barratt Redrow news, insider Mike Scott purchased 2,500 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were acquired at an average cost of GBX 386 per share, for a total transaction of £9,650. Also, insider Caroline Silver purchased 13,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was acquired at an average price of GBX 375 per share, for a total transaction of £48,750. 0.34% of the stock is currently owned by company 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.