Barratt Redrow plc·Consumer Cyclical

BARRATT REDROW PLC ADR (BTDPY) Q3 2026 Sales/Trading Call Transcript

Barratt Redrow PLC (LSE:BTRW) said it remains on track to meet full-year expectations after a solid third quarter, supported by slightly stronger cash and sales than reported in its interim results. The housebuilder reported a net private reservation rate of 0.64 per outlet per week, up from 0.62 a year earlier and 0.55 in the first half.

RBC Capital Markets has upgraded Barratt Redrow PLC (LSE:BTRW) to 'outperform' and Berkeley Group Holdings PLC (LSE:BKG) to 'sector perform', while slashing price targets across the sector by an average of 25%. Barratt, upgraded from 'sector perform' with a revised 350p target, is seen as oversold following a difficult period of post-merger integration with Redrow.

Barratt Redrow PLC chief executive David Thomas will retire after 11 years in the role, with former Balfour Beatty divisional boss Dean Banks appointed as his successor. Banks will join the housebuilder in the final quarter of 2026 and take over as group chief executive once Thomas steps down.
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties. It is also involved in the commercial development business under the Wilson Bowden Developments brand name. The company offers its homes under the Barratt Homes, David Wilson Homes, and Barratt London brands. The company was formerly known as Barratt Developments plc and changed its name Barratt Redrow plc in October 2024. Barratt Redrow plc was incorporated in 1958 and is headquartered in Coalville, the United Kingdom.
Consumer Cyclical
Residential Construction
6,270
2012-08-03
1.36