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Barratt Redrow ( (GB:BTRW) ) has issued an announcement.
Barratt Redrow plc announced the purchase and cancellation of 140,000 ordinary shares as part of its £100 million share repurchase program. This move, which follows previous purchases, aims to reduce the number of shares in circulation, 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 £414.00 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 plc operates in the construction and real estate industry, focusing on the development and sale of residential properties. The company is known for its housing projects and is a significant player in the UK housing market.
Average Trading Volume: 4,374,648
Technical Sentiment Signal: Sell
Current Market Cap: £5.22B
Find detailed analytics on BTRW stock on TipRanks’ Stock Analysis page.