Barratt Redrow (LON:BTRW) Stock Price Up 11.7% - Time to Buy?

Key Points

• Barratt Redrow shares surged 11.7% to GBX 308.80, with roughly 12 million shares traded. The stock’s market capitalization is £4.28 billion, with a P/E ratio of 20.72.
• Analysts remain broadly positive: eight rate the stock “Buy” and two “Hold,” producing a consensus “Moderate Buy” rating and an average price target of GBX 373.10, despite several recent target-price cuts.
• The company reported quarterly EPS of GBX 26.10, a 3.60% net margin and 2.73% return on equity. Insider Geeta Nanda also purchased about £5,001 worth of shares, while insiders collectively own 0.31% of the company.

Barratt Redrow plc (LON:BTRW - Get Free Report) shares shot up 11.7% on Wednesday . The company traded as high as GBX 309.40 and last traded at GBX 308.80. Approximately 12,011,743 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 36,625,148 shares. The stock had previously closed at GBX 276.40.

Analyst Upgrades and Downgrades

Several research firms recently commented on BTRW. JPMorgan Chase & Co. dropped their target price on Barratt Redrow from GBX 520 to GBX 350 and set an "overweight" rating on the stock in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Barratt Redrow from GBX 454 to GBX 366 and set a "buy" rating for the company in a report on Tuesday, June 23rd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 348 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 350 price objective on shares of Barratt Redrow in a report on Thursday, July 16th. Finally, Citigroup lowered Barratt Redrow to a "buy" rating in a research report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 373.10.

Barratt Redrow Stock Performance

The stock's 50-day moving average is GBX 302.26 and its 200 day moving average is GBX 281.63. The stock has a market capitalization of £4.28 billion, a PE ratio of 20.72 and a beta of 1.37.

Barratt Redrow (LON:BTRW - Get Free Report) last announced its quarterly earnings results on Wednesday, September 16th. The company reported GBX 26.10 earnings per share for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Activity at Barratt Redrow

In other news, insider Geeta Nanda bought 1,701 shares of Barratt Redrow stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of GBX 294 per share, with a total value of £5,000.94. Company insiders own 0.31% of the company's stock.

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.

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