Monitoring the Barratt Redrow Story as Analyst Projections and Profit Expectations Change
Fair Value and Revenue Projections: Barratt Redrow's fair value per share has slightly decreased from £5.12 to £5.09, while revenue growth projections have improved from 7.39% to 7.57%, indicating a mixed outlook for the company.
Analyst Sentiment: Analysts from Citi and RBC Capital have raised their price targets for Barratt Redrow, reflecting confidence in the company's growth and operational transparency, despite caution regarding near-term risks.
Management Changes: Mike Scott has stepped down as Chief Financial Officer, with Micheal Passmore appointed as interim Deputy CFO, marking a significant transition in the company's finance leadership.
Dividend Approval: A final dividend of 12.1 pence per share has been approved, contributing to a proposed total dividend of 17.6 pence for FY25, an increase from the previous year's 16.2 pence.
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