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The latest update is out from Barratt Redrow ( (GB:BTRW) ).
Barratt Redrow PLC announced that Mike Scott, the Chief Financial Officer, has acquired 13,275 ordinary shares in the company at a price of £3.7686 per share. This transaction, which is part of the company’s regulatory disclosure requirements, highlights the confidence of the company’s management in its future prospects and may positively influence investor sentiment.
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: 5,398,915
Technical Sentiment Signal: Sell
Current Market Cap: £5.38B
For an in-depth examination of BTRW stock, go to TipRanks’ Overview page.