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An update from Barratt Developments ( (GB:BTRW) ) is now available.
Barratt Redrow PLC has announced a share buyback program, aiming to repurchase up to £100 million of its ordinary shares by June 2026. The first tranche, managed by Barclays Bank, will involve purchasing up to £50 million worth of shares by the end of 2025, with the intention of reducing the company’s capital through share cancellation.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £507.00 price target. To see the full list of analyst forecasts on Barratt Developments 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 driven by a strong balance sheet and positive corporate actions like share buybacks. However, this is offset by weak cash flow and high valuation metrics, suggesting caution. Despite technical and valuation challenges, the company’s strategic actions reflect confidence in its future potential.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Developments
Barratt Redrow PLC operates in the construction industry, primarily focusing on residential property development. The company is known for building homes and is a significant player in the UK housing market.
Average Trading Volume: 4,600,713
Technical Sentiment Signal: Sell
Current Market Cap: £5.92B
For a thorough assessment of BTRW stock, go to TipRanks’ Stock Analysis page.