Redrow stock jumps as Barratt Redrow beats FY2026 forecasts and trims 2027 guidance
Published on 09/16/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Redrow stock, now part of Barratt Redrow plc (ISIN GB0007323586), rose sharply on September 16, 2026 after the UK homebuilder reported full-year 2026 results that beat profit forecasts but came with a more cautious outlook for home completions in fiscal 2027.
FY2026 results beat profit expectations
According to Investing.com on September 16, 2026, Barratt Redrow reported adjusted profit before tax of GBP 572.8 million for the year ended June 28, 2026, ahead of analyst consensus of GBP 540.3 million, a beat of about 6.0 percent.
While profit beat expectations, the same release noted that adjusted profit before tax was still down 7.1 percent year over year as the adjusted operating profit margin narrowed to 9.9 percent from 10.5 percent in the prior fiscal year 2025, highlighting cost and price pressures in the UK housing market.Investing.com
Revenue for fiscal year 2026 rose 6.6 percent to GBP 6.06 billion from GBP 5.68 billion a year earlier, while adjusted operating profit edged up to GBP 598.1 million from GBP 594.4 million, showing that Barratt Redrow managed to grow its top line and slightly increase operating profit despite margin compression.Investing.com
Adjusted earnings per share for fiscal 2026 fell to 28.5 pence from 32.1 pence in fiscal 2025, reflecting the pressure on profitability at the per-share level even as revenue and completions increased.Investing.com
Completions, forward sales and FY2027 guidance
The same fiscal 2026 update showed that Barratt Redrow delivered 17,667 total home completions in the year ended June 28, 2026, up 5.0 percent from 16,826 completions a year earlier and toward the top end of its guidance range for the year.Investing.com
On current trading, Barratt Redrow reported that its net private weekly reservation rate from late June to early September 2026 was 0.62, an improvement from 0.55 in fiscal 2026, indicating a stronger pace of reservations as the new fiscal year began.Investing.com
The company also highlighted forward sales of 11,200 homes worth GBP 3.34 billion as of early September 2026, compared with 10,593 homes worth GBP 3.22 billion a year earlier, meaning volumes were up about 5.7 percent and forward sales value up around 3.7 percent year over year.Investing.com
Despite the stronger forward-sales position, Barratt Redrow trimmed its guidance for total home completions in fiscal 2027 to 17,500 to 17,900 units, down from prior guidance of 17,700 to 18,200, citing continued planning delays and a reduction in expected sales outlet openings to around 405 on average from about 415 previously.Investing.com
This guidance cut underscores that, while demand signals via reservations and forward sales have improved, operational bottlenecks in planning and site openings remain a key risk factor for the pace at which Redrow-branded homes can be completed and handed over to buyers.
Capital return and balance sheet strength
Alongside its results, Barratt Redrow reiterated a GBP 400 million capital return plan for fiscal 2027, to be delivered largely through share buybacks, positioning Redrow stock to benefit from continued repurchases as long as the combined group trades at a discount to tangible net asset value.Investing.com
According to Investing.com, Barratt Redrow maintained net cash of GBP 772.8 million at the end of fiscal 2026, after paying GBP 242.2 million in dividends and completing GBP 100 million of share buybacks during the year, indicating substantial financial flexibility to support further shareholder returns and investment in land and construction.
For fiscal 2027, the company plans approximately GBP 386 million of share buybacks, of which GBP 53.5 million had already been completed as of September 6, 2026, meaning around GBP 332.5 million of repurchases remain in the program, which can provide ongoing technical support to Redrow stock if executed as planned.Investing.com
Share price reaction on the London Stock Exchange
As the results and guidance were digested by the market, Barratt Redrow shares, which include exposure to Redrow stock through the merged entity, moved higher. According to a news brief from Dow Jones Newswires hosted on TradingView on September 16, 2026, Barratt Redrow shares were up 8.7 percent in morning trade at 300.30 pence, leading FTSE 100 gainers after the company reported higher forward sales at the start of its fiscal year.
The same TradingView report noted that as of September 6, 2026 forward sales, including joint ventures, were up 5.7 percent year on year by volume at 11,200 units and up 3.6 percent by value at GBP 3.34 billion, figures that investors appeared to focus on as evidence of resilient demand despite macroeconomic caution.TradingView
In a separate earnings report, RTTNews indicated that Barratt Redrow shares on the London Stock Exchange had closed at 276.40 pence on September 15, 2026, slightly up 0.07 percent on the day, underscoring that the sharper move on September 16, 2026 came specifically in response to the earnings and guidance update rather than a longer trend.
For investors tracking Redrow stock through the combined Barratt Redrow listing, the intraday jump from a prior close of around 276.40 pence to morning levels near 300.30 pence represents a move of roughly 8.6 to 8.7 percent, putting the shares closer to recent highs while still leaving room relative to any 52-week peak that may be reported by data providers.
Analyst and sector context
Recent sector and analyst commentary also frames the reaction to Barratt Redrow’s numbers. A sector overview on MarketScreener on September 16, 2026 highlighted that Barratt Redrow delivered growth in both profit and revenue for the fiscal year, even as the FTSE index faced broader pressures from inflation concerns.
The same MarketScreener page referenced recent analyst actions, including Stifel Nicolaus revising its opinion on Barratt Redrow to neutral on September 14, 2026 and commentary from RBC indicating that investors would be watching for signs of construction cost inflation and house price trends in the fiscal 2026 results, signaling that cost dynamics and pricing remain central risk factors for Redrow’s medium-term performance.MarketScreener
A separate analyst snapshot on TipRanks on September 16, 2026 described Barratt Redrow’s results as solid, noting that Redrow integration is driving synergies and that the most recent analyst rating on the stock was Hold with a GBP 290.00 price target, while TipRanks’ AI-based analyst classified the shares as Neutral and the technical sentiment signal as Strong Sell, underscoring mixed views between fundamentals and chart-based signals.
For Redrow-focused investors, this combination of a profit beat, cautious completions guidance, continued capital returns and neutral to cautious analyst signals suggests that the upside in Redrow stock within Barratt Redrow may depend on how effectively the group navigates planning delays and input costs while continuing to monetize its strong forward-sales position.
Stock level and investor takeaway
As of the close on September 15, 2026, Barratt Redrow shares representing Redrow stock traded at 276.40 pence on the London Stock Exchange, with an intraday jump to around 300.30 pence in morning trade on September 16, 2026 following the results release; this move of roughly 8.7 percent in a single session highlights how sensitive the stock remains to beats or misses versus expectations and to changes in guidance.
Key data on Redrow stock (Barratt Redrow plc)
- Company: Barratt Redrow plc
- ISIN: GB0007323586
- Ticker: BTRW
- Trading venue: London Stock Exchange
- Price (as of September 15, 2026): 276.40 pence
- Market capitalization: GBP 3,950,000,000 (as of September 16, 2026)
- Sector / Industry: Consumer Discretionary / Homebuilding
- Index membership: FTSE 100
