Barratt Redrow plc·Consumer Cyclical

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.

Bank trims profit forecasts as tougher first-half trading hits margins and the order book, but keeps Buy rating on expectations of outlet growth and scope for a housing market re-rating Barratt Redrow PLC (LSE:BTRW) shares were left digesting a fresh downgrade from Deutsche Bank after the housebuilder reported a weaker first half last week, in which profit fell and the company cut its dividend. Deutsche cut its target price for the shares to 454p from 536p, while retaining a 'buy' rating.

Barratt Redrow PLC (LSE:BTRW) is facing a “slow grind” on margins despite resilient trading, according to RBC Capital Markets, which has cut its price target to 425p from 450p and reiterated a Sector Perform rating. Shares were trading at 393.8p (up 1.4%), implying around 10% upside to the revised target.

BARRATT REDROW PLC ADR (BTDPY) Q2 2026 Earnings Call Transcript

Barratt Redrow PLC reported a steady first half, with performance broadly in line with its pre-Budget update and the full-year outlook maintained. Adjusted operating profit was £210.2 million, broadly flat year on year, while adjusted profit before tax fell 13.6% to £199.9 million.
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
1.43