nice starting point..

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."

Half Yearly Report

First half housing completions at highest level in five years

· Significant increase in output with the Group(1) responding quickly to uplift in consumer demand

· Strong, broad based recovery with higher sales rates across all areas of the country

· Continued investment in high return new development opportunities across the UK with 11,394 plots approved in the half year

· Disciplined approach has delivered significant progress on ROCE(2) at 14.2% for the 12 months to 31 December 2013

· Recruitment target for apprentices, graduates and trainees increased to 1,100 over three years

Outlook

· Very strong start to the second half with 0.76 (2013: 0.64) net private reservations per active site per week(6) over the last eight weeks

· Net private reservations up 30.2% at 0.69 (2013: 0.53) per active site per week for the financial year to date

· Total forward sales as at 23 February 2014 up by 56.2% to £1,748.1m (24 February 2013: £1,119.1m)

· Expect to deliver full year profit towards the top end of the range of current analyst estimates(7)

· Interim dividend payment of 3.2 pence per share reflecting the move to three times dividend cover, two years ahead of target. For the three years to FY16 total dividend payments expected of around £365m based on current analyst estimates(8)

more...

Feb 28:

Citigroup reiterates: Buy - TP up frpm 390p to 460p

Liberum Capital reiterates Buy - TP up from 430p to 468p

BDEV price should rise further or even pronto, after its entry
into the FTSE 100 on 24 March, as many fund managers
obliged to buy. Marking time now, it seems!

March 12: Goldman Sachs: Neutral - TP down from 527p to 502p. DownGrade

April 24: Deutsche reiterates: Buy - TP held at 453p.

Deutsche seems to be a big fan:


24 Apr Deutsche Bank 453.00 Buy
11 Apr Deutsche Bank 453.00 Buy
9 Apr Deutsche Bank 453.00 Buy
7 Apr Deutsche Bank 453.00 Buy
4 Apr Deutsche Bank 453.00 Buy
2 Apr Deutsche Bank 453.00 Buy
1 Apr Deutsche Bank 453.00 Buy
27 Mar Deutsche Bank 453.00 Buy
20 Mar Deutsche Bank 453.00 Buy
18 Mar Deutsche Bank 453.00 Buy

Deutsche are the same about TW. another buy rating today but won't go up ..