Barratt Redrow plc (LON:BTRW) Stock Has Consensus Price Target of GBX 375.30 According to Brokerages

Key Points

• Analysts maintain a positive outlook: Barratt Redrow has a consensus “Moderate Buy” rating, with eight buys and two holds among ten analysts. The average 12-month price target is GBX 375.30, above the stock’s GBX 309 opening price.
• Recent broker targets were mixed but generally supportive: JPMorgan cut its target to GBX 350, while Berenberg set GBX 370 and RBC set GBX 350; Jefferies maintained a hold rating with a GBX 303 target.
• Company and insider activity: Barratt Redrow reported quarterly EPS of GBX 26.10, with a 4.02% net margin and 3.13% return on equity. Two insiders recently purchased shares at prices between GBX 294 and GBX 305.

Barratt Redrow plc (LON:BTRW - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned 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 375.30.

Several brokerages recently issued reports on BTRW. JPMorgan Chase & Co. cut their target price on shares of Barratt Redrow from GBX 520 to GBX 350 and set an "overweight" rating on the stock in a research note on Tuesday, June 16th. Citigroup cut shares of Barratt Redrow to a "buy" rating in a research report on Wednesday, July 22nd. Jefferies Financial Group restated a "hold" rating and issued a GBX 303 target price on shares of Barratt Redrow in a research note on Wednesday, August 12th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 370 price target on shares of Barratt Redrow in a research note on Monday, September 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 350 price target on shares of Barratt Redrow in a report on Wednesday, September 16th.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at GBX 309 on Monday. The firm has a market cap of £4.28 billion, a price-to-earnings ratio of 20.74 and a beta of 1.37. The stock's 50-day moving average is GBX 306.02 and its 200 day moving average is GBX 279.92. Barratt Redrow has a one year low of GBX 235.40 and a one year high of GBX 410.29.

Barratt Redrow (LON:BTRW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share (EPS) for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insider Buying and Selling

In other news, insider Geeta Nanda bought 1,701 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of GBX 294 per share, with a total value of £5,000.94. Also, insider Katie Bickerstaffe bought 6,526 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of GBX 305 per share, for a total transaction of £19,904.30. 0.31% 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. 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.