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

Key Points

• Barratt Redrow has a “Moderate Buy” consensus rating from 11 analysts, with nine buy ratings and two holds. The average 12-month price target is GBX 389.27, above the reported share price of GBX 323.60.
• Recent analyst targets range from GBX 289 to GBX 366, with Deutsche Bank cutting its target from GBX 454 to GBX 366 while retaining a buy rating.
• Insider Geeta Nanda bought 1,701 shares for approximately £5,001, while the stock has a £4.53 billion market capitalization and trades within a one-year range of GBX 235.40 to GBX 410.29.

Shares of Barratt Redrow plc (LON:BTRW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 389.27.

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and issued a GBX 289 price objective on shares of Barratt Redrow in a research note on Tuesday, May 5th. Stifel Nicolaus reiterated a "buy" rating and set a GBX 365 target price on shares of Barratt Redrow in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Barratt Redrow from GBX 454 to GBX 366 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. Berenberg Bank restated a "buy" rating and set a GBX 348 price target on shares of Barratt Redrow in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 350 price objective on shares of Barratt Redrow in a research note on Thursday, July 16th.

Insider Buying and Selling

In related news, insider Geeta Nanda purchased 1,701 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of GBX 294 per share, with a total value of £5,000.94. 0.30% of the stock is currently owned by corporate insiders.

Barratt Redrow Trading Up 1.2%

Shares of LON BTRW opened at GBX 323.60 on Friday. The firm has a market capitalization of £4.53 billion, a price-to-earnings ratio of 21.72 and a beta of 1.36. Barratt Redrow has a one year low of GBX 235.40 and a one year high of GBX 410.29. The business has a fifty day simple moving average of GBX 279.10 and a 200 day simple moving average of GBX 296.81.

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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.

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