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Barratt Redrow ( (GB:BTRW) ) has provided an update.
Barratt Redrow PLC announced that Katie Bickerstaffe, a Non-Executive Director, acquired 5,037 ordinary shares in the company at a price of £3.743 per share. This transaction highlights the confidence of the company’s leadership in its market position and future prospects, potentially impacting stakeholder perceptions positively.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £5.24 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
Average Trading Volume: 5,394,579
Technical Sentiment Signal: Sell
Current Market Cap: £5.3B
Learn more about BTRW stock on TipRanks’ Stock Analysis page.