Barratt Redrow’s (BTRW) Outperform Rating Reiterated at Royal Bank Of Canada

Barratt Redrow (LON:BTRW)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Thursday,Digital Look reports. They presently have a GBX 350 price objective on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 21.52% from the stock’s current price.

Several other analysts have also recently commented on the company. Citigroup reduced their price target on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a report on Monday, April 20th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 365 target price on shares of Barratt Redrow in a report on Wednesday, April 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 348 price target on shares of Barratt Redrow in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 289 price objective on shares of Barratt Redrow in a research note on Tuesday, May 5th. Nine 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 389.27.

Barratt Redrow Stock Down 0.7%

Shares of Barratt Redrow stock opened at GBX 288.01 on Thursday. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. The company’s 50-day simple moving average is GBX 264.07 and its 200-day simple moving average is GBX 305.71. The firm has a market cap of £4.03 billion, a price-to-earnings ratio of 19.33 and a beta of 1.36.

About Barratt Redrow

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.