Barratt Redrow shares rise following annual results

Barratt Redrow plc has released full-year results that have triggered significant market movement. Following the publication of its financial data, the company's shares saw a notable increase, rising 11.72 percent to close at 308.80 pence on the London Stock Exchange on September 16, 2026. This performance stood in contrast to broader European market trends, where the FTSE 100, DAX, and CAC 40 experienced declines.

RBC Capital Markets has maintained an ‘outperform’ rating for the company, setting a price target of 350p. Analysts suggest the recent share sell-off was excessive and noted that the company's shares were pricing in a housing market slowdown not reflected in underlying data. Potential growth drivers include the possible revival of the government’s Help-to-Buy scheme.

The reporting period also marks a leadership transition. David Thomas is stepping down after 17 years with the group, including 11 as CEO, handing over the role to Dean Banks on September 21. While the company faces cyclical headwinds and the ongoing integration of Redrow, RBC slightly lifted adjusted gross profit forecasts by 3.4% despite a minor trim in revenue estimates.