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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…

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.