Barratt Redrow stock slips after Peel Hunt cuts rating

Published on 09/21/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Peel Hunt cut Barratt Redrow to hold and set a 300 pence target on September 21, 2026. The shares opened at GBX 301.30 and the market cap was GBP 4.17 billion.

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Barratt Redrow stock (ISIN GB0007323586) slipped after Peel Hunt cut its recommendation to hold and set a 300 pence target on September 21, 2026. Reuters reported the same day that the homebuilder fell 2.1 percent as London shares climbed.

Broker call sets the tone

According to Reuters on September 21, 2026, Barratt Redrow was down 2.1 percent after Peel Hunt lowered the stock to hold from add. MarketScreener reported the same downgrade and the 300 pence target in its September 21, 2026 coverage.

FY26 still anchors the story

TradingView said on September 21, 2026 that Barratt Redrow grew FY26 volumes to 17,667 homes and revenue to about GBP 6.06 billion, while adjusted PBT reached GBP 572.8 million. The same recap put net cash at GBP 772.8 million and pointed to a GBP 100 million buyback, while also noting that higher mortgage rates are still forcing incentives.

MarketBeat said on September 21, 2026 that Berenberg reiterated Buy with a 370 pence target, Royal Bank of Canada kept Outperform with a 350 pence target, and the MarketBeat consensus target stood at 375.30 pence. It also listed FY26 EPS of GBX 26.10 and a net margin of 4.02 percent.

Price stays near 300 pence

The stock opened at GBX 301.30, with a market capitalization of GBP 4.17 billion, a 52-week low of GBX 235.40 and a 52-week high of GBX 410.29. Barratt Redrow trades on the London Stock Exchange under ticker BTRW.