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Barratt Redrow ( (GB:BTRW) ) has issued an announcement.
Barratt Redrow plc has executed a share repurchase program, purchasing 150,000 ordinary shares for cancellation from Barclays Bank plc as part of its £100 million buyback initiative. This move reduces the total number of shares in issue to 1,434,976,839, potentially increasing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:BTRW) stock is a Hold with a £440.00 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
Average Trading Volume: 5,168,360
Technical Sentiment Signal: Sell
Current Market Cap: £5.11B
See more data about BTRW stock on TipRanks’ Stock Analysis page.