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Barratt Redrow ( (GB:BTRW) ) has issued an announcement.
Barratt Redrow plc, a company listed on the London Stock Exchange, announced the purchase and cancellation of 130,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted with Barclays Bank plc, is part of the company’s ongoing efforts to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £5.36 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: 5,428,683
Technical Sentiment Signal: Sell
Current Market Cap: £5.34B
See more insights into BTRW stock on TipRanks’ Stock Analysis page.