Jefferies raises target for Barratt Developments stock from GBp 303 to GBp 323

Published on 10/02/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY27 guidance fell to 17,500-17,900 homes. Barratt Developments stock costs EUR 3.80 on October 2, 2026 versus EUR 3.75, plus 1.33 percent.

Aquarell einer englischen Wohnstraße mit Backsteinhäusern und Londoner Skyline — Aquarellmalerei englischer Wohnsiedlung mit Londoner Skyline versinnbildlicht Standort von Barratt Developments plc, ISIN GB0000811801, Illustration mit AI erstellt.

Barratt Developments stock was trading at EUR 3.80 at Lang & Schwarz on October 2, 2026 at 3:29 p.m. CEST, up 1.33 percent versus the prior close of EUR 3.75. The latest analyst action came from Jefferies, which raised its Barratt Redrow price target from GBp 303 to GBp 323 on September 28, 2026 while keeping a Hold rating, according to MarketBeat.

Jefferies lifts target to GBp 323

The target increase gives investors a concrete counterpoint to the builder's reduced operating outlook. Jefferies kept its Hold view even as the target moved from GBp 303 to GBp 323, showing that the higher valuation marker did not amount to an outright bullish rating.

MarketBeat also reported eight Buy ratings and two Hold ratings, with a consensus target of GBp 377.30. The same report put Barratt Redrow's 52-week range at GBp 235.40 to GBp 410.29 and identified the company as a FTSE 100 homebuilder.

Revenue rose while adjusted profit fell

For the 52 weeks ended June 28, 2026, revenue increased 6.60 percent to GBP 6.06 billion from GBP 5.68 billion, while adjusted profit before tax declined 7.10 percent to GBP 572.8 million from GBP 616.5 million. Those figures come from the FY26 results published by TradingView.

Total home completions rose 5.00 percent to 17,667 from 16,826, but FY27 guidance was reduced to 17,500-17,900 homes from 17,700-18,200. The company cited planning delays, while adjusted operating margin fell to 9.90 percent from 10.50 percent in the comparable period.

Dividend date adds a near-term marker

The company also set a final dividend timetable of 1.0 pence per share, subject to shareholder approval. The payment is scheduled for November 13, 2026, with an ex-dividend date of October 8, 2026, according to FT.

The combination of higher revenue, lower adjusted profit and tighter completion guidance leaves the margin and housing demand outlook central to the valuation debate. The target revision supplies a positive broker signal, while the earnings mix shows why Jefferies retained a Hold rating.

Barratt Developments stock trades at EUR 3.80

Barratt Developments stock was trading at EUR 3.80 at Lang & Schwarz on October 2, 2026 at 3:29 p.m. CEST, plus 1.33 percent versus the Lang & Schwarz prior close of EUR 3.75. On the London Stock Exchange, the finance quote showed Barratt Redrow at GBp 320.40 on October 2, 2026, with a 52-week range of GBp 235.40 to GBp 410.29.

The further course of trading is shown by the continuously updated real-time quote of Barratt Developments stock.