Barratt Redrow plc (LON:BTRW) Stock Has Average Target Price of GBX 375.30 According to Brokerages

Barratt Redrow plc (LON:BTRW) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 377.30.

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 price objective on shares of Barratt Redrow in a research report on Monday, September 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 350 target price on shares of Barratt Redrow in a research note on Wednesday, September 16th. Jefferies Financial Group upped their price target on Barratt Redrow from GBX 303 to GBX 323 and gave the company a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a report on Tuesday, June 16th.

Insider Transactions at Barratt Redrow

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

Barratt Redrow Stock Performance

Shares of BTRW stock opened at GBX 332.20 on Monday. Barratt Redrow has a 52 week low of GBX 235.40 and a 52 week high of GBX 410.29. The stock has a market capitalization of £4.60 billion, a PE ratio of 22.30 and a beta of 1.37. The stock’s fifty day moving average is GBX 309.12 and its 200-day moving average is GBX 280.81.

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

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.