This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Barratt Developments
Barratt Developments (BDEV) / House Builders
A company with fundamentals as strong as BDEV’s just has to be on your watch list right now. With house builders seen as potential victims of a ‘leave’ vote, shares have suffered. Yet it’s almost surprising that no one has stopped to look at the individual companies. If they did, they’d find a strong balance sheet and positive outlook in Barratt Developments while noting also that not one broker covering its stock is using the word ‘Sell’ in their analysis. With the likelihood of a ‘stay’ vote increasing almost daily, again we see potential for a strong rebound and resumption of the longer term trend.
BDEV, 17-month chart (Source: IT Finance)
Consensus Roundup
Bullish: Barclays, Overweight, Target 848p, +54% (2 March)
Consensus: Target 651p, +18% (17 May)
Bearish: Liberum, Hold, Target 514p, -6% (23 Feb)
« Back to Category
This research is produced by Accendo Markets Limited.
Research produced and disseminated by Accendo Markets is classified as non-independent research,
and is therefore a marketing communication. This investment research has not been prepared in accordance
with legal requirements designed to promote its independence and it is not subject to the prohibition on
dealing ahead of the dissemination of investment research. This research does not constitute a personal
recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published,
and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up,
and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.
Prepared by Michael van Dulken, Head of Research
