Barratt Redrow plc (LON:BTRW) Receives GBX 390.55 Average PT from Analysts

Barratt Redrow plc (LON:BTRW) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 373.10.

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 348 target price on shares of Barratt Redrow in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price objective on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating on the stock in a research report on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 price objective on shares of Barratt Redrow in a report on Thursday, July 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 303 price objective on shares of Barratt Redrow in a research report on Wednesday, August 12th.

Barratt Redrow Price Performance

LON BTRW opened at GBX 292.35 on Thursday. The company has a market cap of £4.05 billion, a P/E ratio of 19.62 and a beta of 1.37. The stock has a 50-day moving average of GBX 302.22 and a two-hundred day moving average of GBX 284.21. Barratt Redrow has a 1-year low of GBX 235.40 and a 1-year high of GBX 410.29.

Insider Buying and Selling at Barratt Redrow

In other Barratt Redrow news, insider Geeta Nanda bought 1,701 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of GBX 294 per share, for a total transaction of £5,000.94. Company insiders own 0.31% of the company’s stock.

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.