Barratt Redrow plc (LON:BTRW) Given Average Rating of “Moderate Buy” by Brokerages

Barratt Redrow plc (LON:BTRW) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 390.55.

A number of equities research analysts have commented on BTRW shares. Citigroup cut Barratt Redrow to a “buy” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 price objective on shares of Barratt Redrow in a research report on Thursday, July 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 348 price objective on shares of Barratt Redrow in a research note on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Barratt Redrow from GBX 454 to GBX 366 and set a “buy” rating for the company in a research note on Tuesday, June 23rd.

Barratt Redrow Price Performance

Shares of Barratt Redrow stock opened at GBX 326.30 on Friday. Barratt Redrow has a 1 year low of GBX 235.40 and a 1 year high of GBX 410.29. The company has a market capitalization of £4.56 billion, a P/E ratio of 21.90 and a beta of 1.36. The business has a 50 day moving average price of GBX 285.57 and a 200 day moving average price of GBX 294.78.

Insider Activity at Barratt Redrow

In other news, insider Geeta Nanda acquired 1,701 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average price of GBX 294 per share, with a total value of £5,000.94. 0.30% of the stock is currently owned by company 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.