Barratt Redrow (LON:BTRW) Upgraded at Royal Bank Of Canada

Barratt Redrow (LON:BTRW) was upgraded by equities researchers at Royal Bank Of Canada to an “outperform” rating in a report released on Wednesday,London Stock Exchange reports. The firm presently has a GBX 350 price target on the stock, down from their previous price target of GBX 425. Royal Bank Of Canada’s price objective would indicate a potential upside of 33.76% from the company’s current price.

BTRW has been the topic of several other research reports. Citigroup boosted their target price on Barratt Redrow from GBX 506 to GBX 530 and gave the company a “buy” rating in a research note on Monday, December 8th. 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. Finally, Jefferies Financial Group reduced their target price on shares of Barratt Redrow from GBX 447 to GBX 414 and set a “hold” rating for the company in a report on Monday, January 19th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 448.22.

Barratt Redrow Trading Up 0.5%

Shares of LON BTRW traded up GBX 1.36 during mid-day trading on Wednesday, reaching GBX 261.66. 9,992,795 shares of the company’s stock were exchanged, compared to its average volume of 33,030,527. The firm has a market capitalization of £3.69 billion, a price-to-earnings ratio of 17.56 and a beta of 1.30. Barratt Redrow has a twelve month low of GBX 249.30 and a twelve month high of GBX 486.50. The business has a fifty day simple moving average of GBX 342.95 and a 200 day simple moving average of GBX 367.

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

Insider Buying and Selling

In other Barratt Redrow news, insider Nigel Webb acquired 15,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of GBX 329 per share, with a total value of £49,350. Also, insider Katie Bickerstaffe bought 5,789 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of GBX 323 per share, with a total value of £18,698.47. Company insiders own 0.30% of the company’s stock.

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.