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Barratt Redrow ( (GB:BTRW) ) just unveiled an update.
Barratt Redrow plc, a company involved in the real estate sector, has announced the purchase and cancellation of 130,000 ordinary shares as part of its ongoing £100 million share repurchase programme. This transaction, conducted through Barclays Bank plc on the London Stock Exchange, is part of a broader effort to reduce the number of shares in circulation, potentially increasing the value of remaining shares and benefiting shareholders. Following this purchase, Barratt Redrow has no ordinary shares in treasury and has a total of 1,431,118,217 ordinary shares in issue.
The most recent analyst rating on (GB:BTRW) stock is a Hold with a £419.00 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 is driven by strong financial performance, particularly in revenue growth and balance sheet strength. Technical analysis shows short-term bullish momentum, but longer-term trends are less favorable. The valuation suggests potential overvaluation, though the dividend yield is a positive factor. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:BTRW stock, click here.
More about Barratt Redrow
Average Trading Volume: 4,875,310
Technical Sentiment Signal: Sell
Current Market Cap: £5.42B
Learn more about BTRW stock on TipRanks’ Stock Analysis page.