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An announcement from Barratt Redrow ( (GB:BTRW) ) is now available.
Barratt Redrow plc has announced the purchase and cancellation of 120,000 ordinary shares as part of its £100 million share repurchase program. This transaction, conducted through Barclays Bank plc on the London Stock Exchange, is part of a broader strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this purchase, the company has no shares in treasury, with a total of 1,432,008,217 ordinary shares in issue, which also reflects the total number of voting rights.
The most recent analyst rating on (GB:BTRW) stock is a Hold with a £424.00 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.
Barratt Redrow’s overall stock score reflects strong revenue growth and a solid balance sheet, which are positive indicators of financial health. However, challenges in profitability margins and cash flow, combined with a high P/E ratio, suggest caution. Technical indicators show bullish momentum, but the stock may be overbought in the short term.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Redrow
Barratt Redrow plc operates in the construction industry, primarily focusing on residential property development. The company is known for building homes and residential communities across the UK, catering to a wide range of market segments.
Average Trading Volume: 5,331,254
Technical Sentiment Signal: Sell
Current Market Cap: £5.61B
Find detailed analytics on BTRW stock on TipRanks’ Stock Analysis page.