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Mar 8 2024, 07:50 GMT
Construction and Housebuilding
An early look at Barratt Redrow
- Sectors : Construction and Housebuilding
- Companies : Barratt Developments plc | Redrow plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Barratt Developments plc | OUTPERFORM | 25/06/20 | Neutral | 24/03/14 | 477p |
| Redrow plc | NEUTRAL | 10/09/13 | Under Review | 21/05/13 | 667p |
DAVY VIEW
In this report we examine what a combined Barratt Redrow business will look like. We think the market has reacted too negatively to the proposed combination and make Barratt Developments our top pick with 19% upside on a stand-alone basis (23% if the combination is approved).
