Barratt Redrow PLC (LSE:BTRW) said it remains on track to meet full-year expectations after a solid third quarter, supported by slightly stronger cash and sales than reported in its interim results. The housebuilder reported a net private reservation rate of 0.64 per outlet per week, up from 0.62 a year earlier and 0.55 in the first half.

Apr 1, 2026, 7:21 AMproactiveinvestors.co.ukBTDPF

RBC upgrades Barratt and Berkeley but slashes sector targets as housebuilders face GFC-level valuations

Company announcements

RBC Capital Markets has upgraded Barratt Redrow PLC (LSE:BTRW) to 'outperform' and Berkeley Group Holdings PLC (LSE:BKG) to 'sector perform', while slashing price targets across the sector by an average of 25%. Barratt, upgraded from 'sector perform' with a revised 350p target, is seen as oversold following a difficult period of post-merger integration with Redrow.

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