Barratt Redrow (LON:BTRW) Receives "Hold" Rating from Jefferies Financial Group

Key Points

• Jefferies reiterated a “Hold” rating on Barratt Redrow with a GBX 289 target, implying roughly a 13.8% upside from the company’s current price.
• Analyst consensus is a Moderate Buy (seven Buys, three Holds) with an average target of GBX 402.40, well above the recent ~GBX 254 trading level.
• Insiders have been buying recently — Katie Bickerstaffe bought 5,789 shares at GBX 323 and Nigel Webb 15,000 shares at GBX 329, with insiders acquiring 26,476 shares in the quarter — indicating insider confidence.

Barratt Redrow (LON:BTRW - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 289 target price on the stock. Jefferies Financial Group's target price would indicate a potential upside of 13.84% from the company's current price.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada raised Barratt Redrow to an "outperform" rating and decreased their target price for the stock from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Citigroup decreased their target price on Barratt Redrow from GBX 490 to GBX 450 and set a "buy" rating for the company in a research report on Monday, April 20th. Bank of America decreased their target price on Barratt Redrow from GBX 400 to GBX 280 and set a "neutral" rating for the company in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft lowered Barratt Redrow to a "buy" rating and cut their price target for the stock from GBX 454 to GBX 366 in a report on Monday, April 20th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a GBX 365 price target on shares of Barratt Redrow in a report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Barratt Redrow presently has a consensus rating of "Moderate Buy" and an average target price of GBX 402.40.

Barratt Redrow Stock Performance

LON:BTRW opened at GBX 253.86 on Tuesday. The company has a market capitalization of £3.57 billion, a P/E ratio of 17.04 and a beta of 1.43. The stock's 50 day moving average price is GBX 286.89 and its 200 day moving average price is GBX 348.39. Barratt Redrow has a 52 week low of GBX 242.50 and a 52 week high of GBX 486.50.

Barratt Redrow (LON:BTRW - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insider Buying and Selling

In other Barratt Redrow news, insider Katie Bickerstaffe purchased 5,789 shares of the business's stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of GBX 323 per share, for a total transaction of £18,698.47. Also, insider Nigel Webb acquired 15,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of GBX 329 per share, for a total transaction of £49,350. Over the last quarter, insiders have bought 26,476 shares of company stock valued at $8,294,841. Corporate insiders own 0.30% 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.