The share has risen 125% in 2012 and more since the new year. Should have further upside. The company is in the enviable position of building on land it bought cheaply at the bottom of the cycle while selling its houses into a rising market. Debt levels along with write downs and off balance sheet financing have also subsided.
Date Company Name Broker Rec. Price Old target price New target price Notes
05 Feb 13 Barratt... Liberum Capital Buy 227.25 165.00 259.00 Reiterates
17 Jan 13 Barratt... UBS Buy 227.25 210.00 250.00 Retains
17 Jan 13 Barratt... Deutsche Bank Buy 227.25 - 279.00 Retains
16 Jan 13 Barratt... Bank of America Merrill Lynch Buy 227.25 234.00 265.00 Retains
In the Sunday Mail today - Barratt Developments which closed at 239.5p will reveal interim results on Wednesday but is set to report a pre-tax profit for the year down slightly on 2011's £110m.