Barratt Redrow plc (LON:BTRW) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Ten analysts give Barratt Redrow an average recommendation of "Moderate Buy" (seven buy, three hold) with an average 12‑month price target of GBX 402.40, although several brokers have recently trimmed their targets.
• Insider buying: Insiders purchased 26,476 shares last quarter (Nigel Webb bought 15,000 at GBX 329 and Katie Bickerstaffe bought 5,789 at GBX 323), with insiders now owning 0.30% of the stock and purchases valued at $8,294,841.
• Market snapshot: BTRW opened at GBX 250.70, trading in a 1‑year range of GBX 242.50–486.50, with a market cap of £3.52 billion, P/E of 16.83, and 50‑/200‑day moving averages of GBX 286.89 and GBX 348.91.

Shares of Barratt Redrow plc (LON:BTRW - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 402.40.

Several research analysts have issued reports on BTRW shares. Royal Bank Of Canada upgraded Barratt Redrow to an "outperform" rating and dropped their price objective for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Barratt Redrow to a "buy" rating and reduced their target price for the company from GBX 454 to GBX 366 in a research note on Monday, April 20th. Bank of America dropped their target price 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. Stifel Nicolaus reissued a "buy" rating and set a GBX 365 price target on shares of Barratt Redrow in a report on Wednesday, April 15th. Finally, Citigroup reduced their price target on shares of Barratt Redrow from GBX 490 to GBX 450 and set a "buy" rating on the stock in a research report on Monday, April 20th.

Insider Buying and Selling

In other news, insider Nigel Webb bought 15,000 shares of the business's stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe bought 5,789 shares of Barratt Redrow stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of GBX 323 per share, for a total transaction of £18,698.47. Insiders bought 26,476 shares of company stock valued at $8,294,841 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Barratt Redrow Trading Up 2.5%

BTRW stock opened at GBX 250.70 on Friday. Barratt Redrow has a 1-year low of GBX 242.50 and a 1-year high of GBX 486.50. The business's 50 day moving average is GBX 286.89 and its 200-day moving average is GBX 348.91. The firm has a market cap of £3.52 billion, a P/E ratio of 16.83 and a beta of 1.43.

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

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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