Berenberg keeps 370p target for Barratt Developments stock

Published on 10/20/2026 at 19:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barratt Developments stock has fiscal 2026 revenue of GBP 6.06 billion, up 6.60 percent. It costs EUR 3.82 on October 20, 2026 at Lang & Schwarz.

Analyst target and operating figures

Berenberg kept its GBp 370.00 target and buy rating on September 21, 2026.
Fiscal 2026 revenue rose 6.60 percent to GBP 6.06 billion, while adjusted pretax profit fell 7.10 percent to GBP 572.80 million.
Barratt Developments stock costs EUR 3.82 at Lang & Schwarz on October 20, 2026 at 7:16 p.m. CEST.
The London Stock Exchange quote was GBp 308.90, with a GBP 4.23 billion market capitalization.

Geometrisches Bauhaus-Poster mit Häusersilhouetten und Schriftzug HOUSEBUILD — Bauhaus-Poster mit Sektor-Schriftzug HOUSEBUILD symbolisiert Branche von Barratt Developments plc, ISIN GB0000811801, britischer Wohnungsbau, Illustration mit AI erstellt.

Barratt Developments (GB0000811801) remains tied to a GBp 370.00 target from Berenberg after the broker kept its buy rating, as Finimize reported on September 21, 2026. The target is 19.78 percent above the London Stock Exchange quote of GBp 308.90. At Lang & Schwarz, the stock was EUR 3.82 on October 20, 2026 at 7:16 p.m. CEST.

Revenue grew as profit fell

The latest full-year comparison shows why the target depends on execution rather than revenue alone. Fiscal 2026 revenue rose 6.60 percent to GBP 6.06 billion, while adjusted pretax profit fell 7.10 percent to GBP 572.80 million, according to Finimize. The same report said the company retained a fiscal 2027 completion range of 17,500 to 17,900 homes and planned a GBP 400.00 million return of capital.

Price and valuation in London

The London Stock Exchange quote was GBp 308.90 on October 20, 2026, versus GBp 309.10 previously, a decline of 0.06 percent. Hargreaves Lansdown listed a GBP 4.23 billion market capitalization, a P/E ratio of 11.84, a dividend yield of 1.94 percent and volume of 398,200 shares on the same date.

Margin remains the key question

The company tracks a minimum adjusted gross margin target of 23.00 percent, rising to 24.00 percent after Redrow synergies, while the status is below target, according to Barratt Redrow. That contrast with the 6.60 percent revenue increase and 7.10 percent adjusted pretax profit decline makes the margin target more important than sales growth alone.

Comparison with peers

Barratt Developments: down 0.06 percent, P/E 11.84, market capitalization GBP 4.23 billion.

Taylor Wimpey: up 4.12 percent, P/E 11.30, market capitalization GBP 2.74 billion.

Persimmon: up 2.16 percent, P/E 13.35, market capitalization GBP 4.03 billion.

What the target means

Berenberg's GBp 370.00 target sits 19.78 percent above the GBp 308.90 London quote, but the fiscal 2026 profit decline shows the distance depends on margin recovery. The current euro quote and the London valuation therefore point to two separate measures of the same stock.

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