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Barratt Redrow ( (GB:BTRW) ) has provided an update.
Barratt Redrow PLC has announced the departure of Mike Scott as Chief Financial Officer, effective immediately, with Micheal Passmore stepping in as interim Deputy CFO. The company remains in a strong financial position post-merger with Redrow, maintaining solid trading performance, and is actively searching for a new CFO to continue its strategic objectives.
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
Barratt Redrow is a prominent player in the construction and real estate industry, focusing on residential development. The company is known for its robust market presence following a successful merger with Redrow, which has strengthened its financial position.
Average Trading Volume: 4,431,536
Technical Sentiment Signal: Hold
Current Market Cap: £5.5B
For an in-depth examination of BTRW stock, go to TipRanks’ Overview page.