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Barratt Redrow ( (GB:BTRW) ) has issued an announcement.
Barratt Redrow plc has announced the purchase and cancellation of 139,062 ordinary shares as part of its £100 million share repurchase programme. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting confidence in its financial health and future prospects.
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: 4,748,035
Technical Sentiment Signal: Sell
Current Market Cap: £5.31B
See more insights into BTRW stock on TipRanks’ Stock Analysis page.