Barratt Redrow plc (LON:BTRW) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Barratt Redrow plc has received a consensus rating of "Moderate Buy" from analysts, with six out of seven recommending a buy.
• Insider trading activity included purchases by Mike Scott and Geeta Nanda, indicating confidence in the stock's future performance.
• The stock's current market capitalization stands at £5.35 billion and it reported earnings of GBX 25.50 per share for the last quarter.

Barratt Redrow plc (LON:BTRW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 509.29.

A number of research analysts recently commented on the stock. Berenberg Bank reiterated a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a research note on Monday, September 8th. Citigroup lowered their price objective on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating on the stock in a research note 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 note on Wednesday, July 16th. Peel Hunt restated a "buy" rating and issued a GBX 470 price target on shares of Barratt Redrow in a research report on Wednesday, September 17th. Finally, UBS Group restated a "buy" rating and issued a GBX 565 price target on shares of Barratt Redrow in a research report on Friday, September 5th.

Insider Activity

In other news, insider Mike Scott acquired 13,275 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of GBX 377 per share, for a total transaction of £50,046.75. Also, insider Geeta Nanda acquired 1,347 shares of the stock in a transaction on Wednesday, September 17th. The shares were purchased at an average price of GBX 369 per share, for a total transaction of £4,970.43. In the last quarter, insiders have bought 35,159 shares of company stock valued at $13,225,556. 0.34% of the stock is currently owned by company insiders.

Barratt Redrow Stock Up 0.4%

Shares of LON BTRW opened at GBX 377 on Monday. The firm's 50-day moving average price is GBX 375.28 and its two-hundred day moving average price is GBX 415.47. Barratt Redrow has a 52-week low of GBX 347.60 and a 52-week high of GBX 507.40. The stock has a market capitalization of £5.35 billion and a P/E ratio of 2,834.59.

Barratt Redrow (LON:BTRW - Get Free Report) last announced its quarterly earnings results on Wednesday, September 17th. The company reported GBX 25.50 EPS for the quarter.

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.

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