Brokerages Set Barratt Redrow plc (LON:BTRW) PT at GBX 511.83

Key Points

• Barratt Redrow plc has received a "Moderate Buy" rating from analysts, with one hold rating and five buy ratings among the six research firms covering the stock.
• The average 12-month price target for Barratt Redrow shares is GBX 511.83, with individual targets ranging from GBX 440 to GBX 591 set by different brokerages.
• Insider buying activity was noted, including Caroline Silver acquiring 13,000 shares at GBX 375 each, indicating confidence in the company’s prospects.

Barratt Redrow plc (LON:BTRW - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 511.83.

A number of equities analysts recently commented on BTRW shares. UBS Group reiterated a "buy" rating and set a GBX 565 price objective on shares of Barratt Redrow in a research report on Friday, September 5th. Royal Bank Of Canada reduced their price objective on Barratt Redrow from GBX 575 to GBX 550 and set an "outperform" rating on the stock in a research report on Wednesday, July 16th. Berenberg Bank reiterated a "hold" rating and set a GBX 440 price objective on shares of Barratt Redrow in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 536 price objective on shares of Barratt Redrow in a research report on Wednesday, July 16th. Finally, Citigroup reduced their price objective on Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating on the stock in a research report on Wednesday, July 16th.

Barratt Redrow Stock Down 0.4%

Shares of LON BTRW traded down GBX 1.50 during midday trading on Thursday, hitting GBX 375.70. The stock had a trading volume of 11,673,988 shares, compared to its average volume of 11,358,130. The company has a market capitalization of £5.34 billion and a PE ratio of 3,647.57. The stock has a 50 day simple moving average of GBX 374.32 and a 200-day simple moving average of GBX 419.92. Barratt Redrow has a 1 year low of GBX 347.60 and a 1 year high of GBX 507.40.

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

Insider Buying and Selling

In other Barratt Redrow news, insider Geeta Nanda bought 1,347 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was bought at an average price of GBX 369 per share, with a total value of £4,970.43. Also, insider Caroline Silver bought 13,000 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were acquired at an average cost of GBX 375 per share, with a total value of £48,750. In the last ninety days, insiders have bought 21,884 shares of company stock worth $8,220,881. 0.34% of the stock is owned by corporate insiders.

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.