Morningstar lowers near-term outlook for Barratt Redrow PLC after fiscal 2025 trading update. Fiscal 2026 completions guidance below expectations. Weak London market impacting demand nationally, affecting all homebuilder shares. Fair value estimate lowered by 18.5% to 620p. Forecasting lower gross and EBIT margins over the next five years. Shares opened down but started to recover.
Read more at Morningstar: Lowering Our Fair Value Estimate as Near-Term Outlook Disappoints