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Barratt Redrow ( (GB:BTRW) ) has shared an update.
Barratt Redrow plc, a company involved in a share repurchase program, announced the purchase and cancellation of 130,000 ordinary shares from Barclays Bank plc as part of its £100 million share repurchase initiative. This transaction, conducted on the London Stock Exchange, is part of Barratt Redrow’s ongoing strategy to manage its share capital and potentially enhance shareholder value by reducing the number of shares in circulation. Following this purchase, the company has no ordinary shares held in treasury and has a total of 1,431,378,217 ordinary shares in issue, which may impact the voting rights and ownership structure of the company.
The most recent analyst rating on (GB:BTRW) stock is a Buy with a £4.94 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
Average Trading Volume: 5,376,564
Technical Sentiment Signal: Sell
Current Market Cap: £5.34B
Find detailed analytics on BTRW stock on TipRanks’ Stock Analysis page.