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Barratt Redrow ( (GB:BTRW) ) has issued an announcement.
Barratt Redrow PLC announced the purchase and cancellation of 140,000 ordinary shares as part of its ongoing £100 million share repurchase program. This move is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a commitment to returning capital to shareholders. Following these transactions, the company now has 1,437,695,716 ordinary shares in issue, with no shares held in treasury, indicating a streamlined shareholding structure.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £470.00 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 score is moderate due to mixed financial performance and bearish technical indicators. The robust balance sheet and positive corporate events, particularly the share buyback program, provide some support. However, high valuation metrics and weak cash flow conversion remain concerns.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Redrow
Barratt Redrow PLC is a company operating in the real estate industry, primarily focusing on residential property development and construction. The company is known for its housing projects and developments across various regions, catering to a wide range of market segments.
Average Trading Volume: 5,264,720
Technical Sentiment Signal: Sell
Current Market Cap: £5.33B
For an in-depth examination of BTRW stock, go to TipRanks’ Overview page.