nice starting point..

Short closed @331.76 for a profit.

Closed yesterday and a few others. Going back in when the santa rally kicks off.

Further re Strategic Alliance with L&Q

3m
19 Dec 2013 Barratt... BDEV Deutsche Bank Buy 337.20 337.40 394.00 394.00 Reiterates SP TARGET 394p

23 Dec 2013 Barratt... BDEV Deutsche Bank Buy 337.90 337.90 394.00 394.00 Reiterates

SP TARGET 394p

Battle Royal going on here at BDEV....I hold. (long)

Breaking out..........

GF once again you was spot on ;)

Cheers Nar 1.......

10 Jan 2014 Barratt... BDEV Deutsche Bank Buy 372.05 367.80 394.00 394.00 Reiterates


SP Target 394p

Tuesday 14 January

After a quiet Monday, housebuilder Barratt Developments (BDEV) will publish a first-half trading update on Tuesday.

Analysts' expectations: "The pre-close statement, we believe, will reiterate a continued robust trading environment in terms of reservations and price and further progression in margins," comments Deutsche Bank analyst Glynis Johnson.

She forecasts a 12.1% increase in completions and a 5% rise in the average selling price. She has a 'buy' rating on Barratt due to its "strong earnings momentum potential".

Valuation: The stock is trading on a 2014 price/earnings (P/E) multiple of 13.2 times.

Nar1.........thanks for message. For reply you need to enable your direct message system at the side of your name, the yellow envelope needs to be showing like on my account........cheers.

Thanks GF should be ok now

Trading Statement

Help to Buy news seems to have affected all housebuilders and RMV:

http://www.bbc.co.uk/news/business-25876927

31 Jan:

Jefferies reiterates: Buy - TP down fom 474p to 466p.

Deutsche reiterates : Buy - TP unchanged at 394p.

Feb 10: Citigroup reiterates: Buy - TP unchanged: 390p.

Added again to short watchlist, approaches top of upper range.

Feb 18: Credit Suisse: Outperform reiteration - TP held at 451p.

Rising daily of late. TW. rising in tandem, it would seem.

Feb 21:

JP Morgan Cazenove: Neutral - TP: 420p - DownGrade

Jefferies: Buy - TP: 466p - Reiteration

Deutsche: Buy - TP: 394p - Reiteration

Interims: Thursday, Feb 27.

StockMarketWire.com
Equity research analysts at JP Morgan Cazenove have set out their thoughts on the UK housebuilding sector, today, and concluded that there is still room for further growth, despite outperforming the FTSE All-Share index by more than 200 per cent over the past three years. The broker anticipates an average uplift of around 9 per cent, with the potential for as much as 23 per cent under its bull case, given the ongoing improvements taking place within the housing market.
In respect of stocks under its coverage, JPMC has downgraded its recommendation on Barratt Developments (LON:BDEV) to "neutral" from "overweight" and upgraded Bovis to "neutral" from "underweight". Price targets have been increased to 420 pence (from 360 pence) and 910 pence a share (from 700 pence), respectively, after rolling its estimates forward to 2016. The broker also confirmed "overweight" recommendations on Bellway (LON:BWY), Persimmon (LON:PSN), Taylow Wimpey (LON:TW.) and Berkeley Group (LON:BKG) and highlighted upside potential of 23, 9, 12 and 6 per cent. "While we expect a base rate rise in Q1 2015, the positive outlook between now and then means we expect historical outperformance pre-rate increases to be repeated, analysts said. When a rate rise comes, we expect it to have little impact on the housing market recovery."