Barratt Redrow plc (LON:BTRW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Barratt Redrow plc (LON:BTRW) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 402.40.

Several research analysts recently weighed in on BTRW shares. Stifel Nicolaus reissued a “buy” rating and issued a GBX 365 target price on shares of Barratt Redrow in a research note on Wednesday, April 15th. Citigroup dropped their price objective on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research note on Monday, April 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of Barratt Redrow to a “buy” rating and dropped their price objective for the company from GBX 454 to GBX 366 in a research note on Monday, April 20th. Finally, Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and dropped their price objective for the company from GBX 425 to GBX 350 in a research note on Wednesday, April 1st.

Insider Transactions at Barratt Redrow

In related news, insider Katie Bickerstaffe acquired 5,789 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 323 per share, with a total value of £18,698.47. Also, insider Nigel Webb acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average cost of GBX 329 per share, with a total value of £49,350. In the last ninety days, insiders have bought 26,476 shares of company stock valued at $8,294,841. Corporate insiders own 0.30% of the company’s stock.

Barratt Redrow Trading Up 2.5%

Shares of BTRW stock opened at GBX 257.38 on Friday. The firm has a 50-day moving average price of GBX 284.35 and a 200 day moving average price of GBX 347.44. Barratt Redrow has a twelve month low of GBX 242.50 and a twelve month high of GBX 486.50. The company has a market capitalization of £3.62 billion, a price-to-earnings ratio of 17.27 and a beta of 1.43.

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

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.