TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Barratt Redrow ( (GB:BTRW) ) just unveiled an announcement.
Barratt Redrow plc, a company involved in the construction and real estate sector, has announced the purchase and cancellation of 130,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted through Barclays Bank plc, is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The total number of shares purchased under this program now stands at over 11.5 million, with the company having no ordinary shares held in treasury and a total of 1,428,308,349 shares in issue.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £486.00 price target. To see the full list of analyst forecasts on Barratt Redrow 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.
The overall stock score reflects strong revenue growth and a solid balance sheet, offset by challenges in profitability and cash flow. Technical indicators suggest potential upward momentum, but valuation concerns due to a high P/E ratio weigh on the score. The attractive dividend yield provides some support.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Redrow
Average Trading Volume: 4,554,929
Technical Sentiment Signal: Sell
Current Market Cap: £5.38B
Learn more about BTRW stock on TipRanks’ Stock Analysis page.