Analysts Set Barratt Redrow plc (LON:BTRW) Price Target at GBX 402.40

Barratt Redrow plc (LON:BTRW) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 402.40.

BTRW has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Citigroup cut their price objective on shares of Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a research report on Monday, April 20th. Jefferies Financial Group reissued a “hold” rating and set a GBX 289 price objective on shares of Barratt Redrow in a research report on Tuesday, May 5th. Royal Bank Of Canada raised shares of Barratt Redrow to an “outperform” rating and cut their price objective for the company from GBX 425 to GBX 350 in a research report on Wednesday, April 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 365 price objective on shares of Barratt Redrow in a research report on Wednesday, April 15th.

Barratt Redrow Stock Performance

Shares of LON BTRW opened at GBX 262.90 on Tuesday. Barratt Redrow has a fifty-two week low of GBX 235.40 and a fifty-two week high of GBX 486.50. The company has a 50 day simple moving average of GBX 258.95 and a two-hundred day simple moving average of GBX 331.09. The company has a market capitalization of £3.69 billion, a price-to-earnings ratio of 17.64 and a beta of 1.36.

Insider Activity

In related news, insider Nigel Webb bought 15,000 shares of the stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of GBX 329 per share, for a total transaction of £49,350. Also, insider Katie Bickerstaffe bought 5,687 shares of the stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of GBX 262 per share, for a total transaction of £14,899.94. Insiders have purchased a total of 26,476 shares of company stock worth $8,294,841 over the last three months. 0.30% of the stock is currently owned by insiders.

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.