Barratt Redrow (LON:BTRW) Receives “Buy” Rating from Berenberg Bank

Barratt Redrow (LON:BTRW)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Friday,Digital Look reports. They presently have a GBX 348 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 19.88% from the stock’s current price.

Several other brokerages have also commented on BTRW. Citigroup lowered their price objective on Barratt Redrow from GBX 490 to GBX 450 and set a “buy” rating for the company in a research report on Monday, April 20th. JPMorgan Chase & Co. decreased their price target on shares of Barratt Redrow from GBX 520 to GBX 350 and set an “overweight” rating for the company in a research note on Tuesday, June 16th. Jefferies Financial Group reissued a “hold” rating and set a GBX 289 price target 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 dropped their price objective for the stock from GBX 425 to GBX 350 in a research note on Wednesday, April 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 365 price objective on shares of Barratt Redrow in a report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 389.27.

Barratt Redrow Price Performance

BTRW stock traded down GBX 3.70 during midday trading on Friday, hitting GBX 290.30. The stock had a trading volume of 58,273,000 shares, compared to its average volume of 41,362,172. The firm has a market cap of £4.07 billion, a price-to-earnings ratio of 19.48 and a beta of 1.37. The business has a 50-day moving average of GBX 258.21 and a two-hundred day moving average of GBX 314.11. Barratt Redrow has a 52-week low of GBX 235.40 and a 52-week high of GBX 475.30.

Insider Transactions at Barratt Redrow

In other news, insider Katie Bickerstaffe bought 5,687 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was acquired at an average cost of GBX 262 per share, with a total value of £14,899.94. Company insiders own 0.30% 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.