Barratt Redrow (LON:BTRW) Receives “Hold” Rating from Jefferies Financial Group

Barratt Redrow (LON:BTRW)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 289 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 13.84% from the company’s current price.

A number of other brokerages have also recently issued reports on BTRW. Bank of America dropped their target price on Barratt Redrow from GBX 400 to GBX 280 and set a “neutral” rating for the company in a report on Friday, March 27th. Citigroup decreased their price target on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating on the stock in a research note on Monday, April 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 365 price target on shares of Barratt Redrow in a research note on Wednesday, April 15th. Royal Bank Of Canada raised Barratt Redrow to an “outperform” rating and decreased their price target for the company from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Barratt Redrow to a “buy” rating and decreased their price target for the company from GBX 454 to GBX 366 in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 402.40.

Barratt Redrow Trading Up 0.5%

BTRW opened at GBX 253.86 on Tuesday. The stock has a market cap of £3.57 billion, a PE ratio of 17.04 and a beta of 1.43. Barratt Redrow has a 1 year low of GBX 242.50 and a 1 year high of GBX 486.50. The stock’s 50 day simple moving average is GBX 286.89 and its 200-day simple moving average is GBX 348.39.

Barratt Redrow (LON:BTRW) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Barratt Redrow had a return on equity of 2.73% and a net margin of 3.60%.

Insiders Place Their Bets

In other Barratt Redrow news, insider Nigel Webb bought 15,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost 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 dated Wednesday, April 15th. The stock was acquired at an average price of GBX 262 per share, with a total value of £14,899.94. Over the last 90 days, insiders bought 26,476 shares of company stock valued at $8,294,841. 0.30% of the stock is currently owned by corporate 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.