Morningstar keeps GBp 375 fair value for Barratt Developments stock

Published on 10/08/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached GBP 6.06 billion in fiscal 2026, up 6.60 percent. Barratt Developments stock costs EUR 3.48 on October 8, 2026.

Architekturvisualisierung moderner Wohnhäuser mit Grünflächen und Fußwegen — Moderner Architektur-Render eines Wohnquartiers zeigt zeitgemäße Bauprojekte von Barratt Developments plc, ISIN GB0000811801, London, Illustration mit AI erstellt.

Morningstar kept a GBp 375 fair value estimate for Barratt Developments stock after the company's fiscal 2026 results on September 17, 2026, according to Morningstar. The estimate frames the shares against a housing recovery thesis while the group's latest guidance points to a slower volume path.

Results reset the volume picture

In 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. Reuters reported on September 16, 2026 that the profit figure exceeded market estimates of GBP 540.30 million, even as incentives and higher costs reduced the adjusted operating margin to 9.90 percent from 10.50 percent.

The same Reuters report said fiscal 2027 home-completion guidance was cut to 17,500 to 17,900 homes from 17,700 to 18,200. That is the central tension behind the valuation: revenue grew, but planning delays and affordability constraints limit the pace at which volume can expand.

What does the dividend date change?

The final dividend timetable adds a near-term calendar event. FT published the company announcement dated September 21, 2026, which set a final dividend of GBp 1.00 per ordinary share, an October 8, 2026 ex-dividend date and a November 13, 2026 payment date, subject to shareholder approval.

The chronology matters. On September 16, 2026, fiscal 2026 adjusted pretax profit reached GBP 572.80 million; on September 21, 2026, the dividend timetable specified GBp 1.00 per share; on October 8, 2026, the shares reached the ex-dividend date. The dividend is therefore a cash-return detail, while the 17,500 to 17,900 completion range remains the operating test.

Key dates point to the next report

Fidelity lists the annual general meeting in November 2026 and half-year results in February 2027 in its forecast calendar. Those dates give investors two checkpoints for whether planning delays and build-cost pressure are easing.

Stock quote and investor view

Barratt Developments was trading at EUR 3.48 at Lang and Schwarz on October 8, 2026 at 1:31 p.m. CEST. The primary listing is on the London Stock Exchange under ticker BTRW, where the quote currency is GBp and the company is a FTSE 100 housebuilder. Morningstar's GBp 375 fair value estimate provides a valuation reference, but the euro quote and the London price target use different currencies and are not combined into one return calculation.

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