Barratt Redrow (LON:BTRW) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Barratt Redrow (LON:BTRW) had its price objective increased by research analysts at Jefferies Financial Group from GBX 303 to GBX 323 in a report released on Monday, MarketBeat.com reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 5.11% from the stock’s current price.

Other analysts have also issued research reports about the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 370 price target on shares of Barratt Redrow in a research report on Monday, September 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 price target on shares of Barratt Redrow in a report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Citigroup cut Barratt Redrow to a “buy” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. cut their target price on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Barratt Redrow presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 377.30.

Barratt Redrow Price Performance

LON BTRW opened at GBX 340.40 on Monday. The firm has a market cap of £4.71 billion, a price-to-earnings ratio of 22.85 and a beta of 1.37. The company has a fifty day moving average price of GBX 308.34 and a 200-day moving average price of GBX 280.49. Barratt Redrow has a 1 year low of GBX 235.40 and a 1 year high of GBX 410.29.

Barratt Redrow (LON:BTRW) last issued its quarterly earnings results on Wednesday, September 16th. The company reported GBX 26.10 EPS for the quarter. Barratt Redrow had a return on equity of 3.13% and a net margin of 4.02%.

Insiders Place Their Bets

In other news, insider Geeta Nanda bought 1,701 shares of Barratt Redrow stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of GBX 294 per share, with a total value of £5,000.94. Also, insider Katie Bickerstaffe acquired 6,526 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of GBX 305 per share, for a total transaction of £19,904.30. 0.31% of the stock is owned by corporate insiders.

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.