Barratt Redrow plc (LON:BTRW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Barratt Redrow plc (LON:BTRW) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 390.55.

A number of analysts have weighed in on BTRW shares. Citigroup cut Barratt Redrow to a “buy” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 303 price objective on shares of Barratt Redrow in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective 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 cut their target price on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 350 target price on shares of Barratt Redrow in a research note on Thursday, July 16th.

Insiders Place Their Bets

In related news, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of GBX 294 per share, with a total value of £5,000.94. Insiders own 0.30% of the company’s stock.

Barratt Redrow Trading Up 0.5%

Barratt Redrow stock opened at GBX 330.10 on Friday. The company has a fifty day simple moving average of GBX 284.24 and a 200-day simple moving average of GBX 294.56. The stock has a market cap of £4.62 billion, a P/E ratio of 22.15 and a beta of 1.36. Barratt Redrow has a 12-month low of GBX 235.40 and a 12-month high of GBX 410.29.

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.