Barratt Redrow plc (LON:BTRW) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Barratt Redrow has a “Moderate Buy” consensus rating from 11 analysts, with nine buy ratings and two hold ratings. The average 12-month price target is GBX 390.55, above the reported opening price of GBX 305.91.
• Several brokers remain positive but have reduced their targets, including JPMorgan to GBX 350 and Deutsche Bank to GBX 366; RBC and Berenberg maintained bullish ratings with targets of GBX 350 and GBX 348, respectively.
• The company’s shares have traded between GBX 235.40 and GBX 410.29 over the past year, while insider Geeta Nanda purchased 1,701 shares for approximately £5,001.

Barratt Redrow plc (LON:BTRW - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 390.55.

Several equities analysts recently weighed in on BTRW shares. Citigroup lowered shares of Barratt Redrow to a "buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of Barratt Redrow from GBX 520 to GBX 350 and set an "overweight" rating for the company in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Royal Bank Of Canada restated an "outperform" rating and set a GBX 350 price target on shares of Barratt Redrow in a report on Thursday, July 16th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 348 price objective on shares of Barratt Redrow in a research note on Thursday, July 16th.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at GBX 305.91 on Thursday. The firm has a market cap of £4.28 billion, a price-to-earnings ratio of 20.53 and a beta of 1.36. The stock has a 50-day simple moving average of GBX 300.73 and a 200-day simple moving average of GBX 287.09. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29.

Insider Buying and Selling

In related news, insider Geeta Nanda bought 1,701 shares of the business's stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of GBX 294 per share, for a total transaction of £5,000.94. 0.30% of the stock is owned by 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. Together, we have held more NHBC Pride in the Job Awards than any other housebuilder, for 20 years.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source