Barratt Developments stock gains 11.72 percent after housing boost

Barratt Developments stock (ISIN GB0000811801) closed at GBp 345.20 on the London Stock Exchange on September 28, 2026, up 11.72 percent. A new UK Help to Buy scheme drove a sharp sector reaction, with Barratt Redrow reaching GBp 351.85 at 9:00 a.m. BST before the official close, as Halifax reported on September 28, 2026.

Housing policy lifts the sector

The proposed scheme would give first-time buyers a 20 percent equity loan and require a 2.5 percent deposit, according to Halifax on September 28, 2026. The policy directly matters to Barratt Redrow because affordability and mortgage access have been persistent constraints on UK home demand.

The same report placed Barratt Redrow at the top of the FTSE 100 risers during early trading, with the shares at GBp 351.85 and up 14.43 percent at 9:00 a.m. BST. The official close of GBp 345.20 still left the stock 15.76 percent below its 52-week high of GBp 409.60.

Revenue grows while margins contract

In FY26, Barratt Redrow generated revenue of GBP 6,055.0 million, up 6.6 percent from GBP 5,679.4 million in the aggregated FY25 comparison. Total home completions increased 5.0 percent to 17,667, while adjusted profit before tax fell 7.1 percent to GBP 572.8 million, according to TradingView in the results release dated September 16, 2026.

The margin pressure is visible in adjusted gross profit before purchase price allocation adjustments, which declined 6.3 percent to GBP 926.6 million. Barratt Redrow also guided to 17,500-17,900 completions for FY27, down from its previous 17,700-18,200 range, reflecting planning delays and fewer expected sales outlets.

Jefferies raises its target

Jefferies raised its Barratt Redrow price target from GBp 303 to GBp 323 while maintaining a Hold rating in a note dated September 28, 2026, according to MarketBeat. The target change contrasts with the broader housing-policy boost and underlines the gap between near-term trading momentum and the company's margin and planning challenges.

Stock remains below its yearly high

Barratt Developments stock closed at GBp 345.20 on September 28, 2026, within its 52-week range of GBp 235.40 to GBp 409.60. Market capitalization stood at GBP 4.8 billion on the same date.

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