Insider Buying: Barratt Redrow (LON:BTRW) Insider Buys 1,347 Shares of Stock

Key Points

• Geeta Nanda, an insider at Barratt Redrow, purchased 1,347 shares of the company's stock at an average price of GBX 369 per share, totaling approximately £4,970.43.
• The stock performance on Thursday saw a slight increase, reaching GBX 377.20 with a trading volume of over 14 million shares.
• Analysts have set varying price targets for Barratt Redrow, with an average target of GBX 511.83 and five analysts rating the stock as a "Buy."

Barratt Redrow plc (LON:BTRW - Get Free Report) insider Geeta Nanda acquired 1,347 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was acquired at an average price of GBX 369 per share, for a total transaction of £4,970.43.

Barratt Redrow Stock Down 0.4%

Shares of BTRW stock traded down GBX 1.50 during mid-day trading on Friday, reaching GBX 375.70. The stock had a trading volume of 11,673,988 shares, compared to its average volume of 11,358,130. The firm has a market cap of £5.34 billion and a PE ratio of 3,647.57. Barratt Redrow plc has a one year low of GBX 347.60 and a one year high of GBX 507.40. The firm's 50 day simple moving average is GBX 374.32 and its 200 day simple moving average is GBX 419.95.

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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BTRW shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 536 target price on shares of Barratt Redrow in a research note on Wednesday, July 16th. Citigroup reduced their target price on shares of Barratt Redrow from GBX 591 to GBX 510 and set a "buy" rating for the company in a report on Wednesday, July 16th. Peel Hunt reaffirmed a "buy" rating and set a GBX 470 price target on shares of Barratt Redrow in a research report on Wednesday. Berenberg Bank reiterated a "hold" rating and issued a GBX 440 target price on shares of Barratt Redrow in a research note on Monday, September 8th. Finally, Royal Bank Of Canada dropped 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 report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Barratt Redrow has a consensus rating of "Moderate Buy" and a consensus target price of GBX 511.83.

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.