Barratt Redrow plc (LON:BTRW) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Broker consensus: Nine analysts give Barratt Redrow an average rating of "Moderate Buy" (six buys, three holds) with an average 1‑year price target of GBX 448.22.
• Analyst views are mixed: Citigroup raised its target to GBX 530 and keeps a buy, while Jefferies and Bank of America cut targets (to GBX 414 and GBX 280 respectively) and RBC moved to an outperform stance despite lowering its target to GBX 350.
• Insiders bought shares recently—Nigel Webb purchased 15,000 at GBX 329 and Katie Bickerstaffe 5,789 at GBX 323—even as the stock opened around GBX 259.60 and the company has a market cap of about £3.66 billion.

Barratt Redrow plc (LON:BTRW - Get Free Report) has been given an average rating of "Moderate Buy" by the nine research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 448.22.

BTRW has been the topic of several recent research reports. Jefferies Financial Group decreased their target price on shares of Barratt Redrow from GBX 447 to GBX 414 and set a "hold" rating on the stock in a research report on Monday, January 19th. Bank of America dropped their price target on shares of Barratt Redrow from GBX 400 to GBX 280 and set a "neutral" rating for the company in a research report on Friday, March 27th. Citigroup raised their price target on shares of Barratt Redrow from GBX 506 to GBX 530 and gave the stock a "buy" rating in a research note on Monday, December 8th. Finally, Royal Bank Of Canada raised Barratt Redrow to an "outperform" rating and decreased their price objective for the company from GBX 425 to GBX 350 in a report on Wednesday, April 1st.

Insider Activity at Barratt Redrow

In related news, insider Nigel Webb purchased 15,000 shares of the stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe acquired 5,789 shares of the company's stock in a transaction on Friday, March 6th. The shares were bought at an average price of GBX 323 per share, with a total value of £18,698.47. 0.30% of the stock is owned by company insiders.

Barratt Redrow Stock Performance

Shares of LON BTRW opened at GBX 259.60 on Monday. The firm has a market capitalization of £3.66 billion, a price-to-earnings ratio of 17.42 and a beta of 1.30. Barratt Redrow has a one year low of GBX 249.30 and a one year high of GBX 486.50. The business has a fifty day simple moving average of GBX 335.67 and a 200 day simple moving average of GBX 364.71.

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

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.

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