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An update from Barratt Developments ( (GB:BTRW) ) is now available.
Barratt Redrow plc, a company listed on the London Stock Exchange, has 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, reflects Barratt Redrow’s ongoing efforts to manage its share capital and potentially enhance shareholder value. Following this purchase, the company has no ordinary shares in treasury, with a total of 1,440,058,173 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 a solid balance sheet and positive corporate actions like share buybacks, but it is weighed down by high valuation and weak cash flow performance. Technical indicators are neutral, suggesting stable near-term stock performance.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Developments
Average Trading Volume: 4,760,026
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.57B
For detailed information about BTRW stock, go to TipRanks’ Stock Analysis page.