Barratt Redrow Advances Share Repurchase Program

Barratt Developments ( (GB:BTRW) ) has provided an update.

Barratt Redrow plc, a company involved in the real estate sector, announced the purchase and cancellation of 125,000 ordinary shares as part of its £50 million share repurchase program. This transaction, conducted through UBS AG London Branch, is part of an ongoing effort to enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares. Following this transaction, Barratt Redrow has no ordinary shares in treasury and a total of 1,441,539,051 ordinary shares in issue.

The most recent analyst rating on (GB:BTRW) stock is a Buy with a £507.00 price target. To see the full list of analyst forecasts on Barratt Developments stock, see the GB:BTRW Stock Forecast page.

Spark’s Take on GB:BTRW Stock

According to Spark, TipRanks’ AI Analyst, GB:BTRW is a Neutral.

Barratt Developments’ overall score reflects its strong balance sheet and positive corporate actions through share buybacks, which enhance shareholder value. However, declining profitability, high P/E valuation, and mixed technical signals present significant risks.

To see Spark’s full report on GB:BTRW stock, click here.

More about Barratt Developments

Average Trading Volume: 5,022,529

Technical Sentiment Signal: Buy

Current Market Cap: £6.35B

See more data about BTRW stock on TipRanks’ Stock Analysis page.