Barratt Redrow (LON:BTRW) Earns Buy Rating from Stifel Nicolaus

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Wednesday,Digital Look reports. They currently have a GBX 365 target price on the stock. Stifel Nicolaus’ price objective points to a potential upside of 38.05% from the stock’s current price.

Several other analysts have also recently weighed in on BTRW. Bank of America dropped their price target on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a research note on Friday, March 27th. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and lowered their price objective for the stock from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their price objective on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating on the stock in a report on Monday, January 19th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 439.90.

Barratt Redrow Price Performance

Shares of LON:BTRW traded up GBX 6.09 during trading hours on Wednesday, hitting GBX 264.39. 9,345,859 shares of the company’s stock traded hands, compared to its average volume of 31,002,107. The business has a fifty day moving average price of GBX 317.63 and a 200-day moving average price of GBX 359.02. Barratt Redrow has a 1 year low of GBX 249.30 and a 1 year high of GBX 486.50. The firm has a market capitalization of £3.72 billion, a P/E ratio of 17.74 and a beta of 1.43.

Barratt Redrow (LON:BTRW) last released its quarterly earnings results on Thursday, February 12th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Barratt Redrow had a net margin of 3.60% and a return on equity of 2.73%.

Insider Buying and Selling

In related news, insider Katie Bickerstaffe bought 5,687 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of GBX 262 per share, for a total transaction of £14,899.94. Also, insider Nigel Webb acquired 15,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of GBX 329 per share, with a total value of £49,350. Over the last 90 days, insiders purchased 26,476 shares of company stock valued at $8,294,841. 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.