BARRATT DEVELOPMENTS

Shares in housebuilders such as Persimmon PLC (LSE:PSN) and Barratt Redrow PLC (LSE:BTRW) rose on Tuesday after a reassuring trading update from Bellway PLC (LSE:BWY) settled nerves that might have crept in from a profit warning from smaller rival MJ Gleeson last week.  FTSE 250-listed Bellway nudged up its expectations for completed sales and average selling prices, leading to new operating profit guidance that was ahead of the consensus forecasts.» Mehr auf proactiveinvestors.co.uk

Barratt Redrow PLC (LSE:BTRW) reported a solid third-quarter trading performance, with 3,717 home completions in the period to bring the year-to-date figure to 10,563. The housebuilder said it remains on track to deliver between 16,800 and 17,200 total completions in the full year to end-June, including about 600 from joint ventures.» Mehr auf proactiveinvestors.co.uk

Barratt Redrow stock has shaved off more than a quarter of its value post-merger, but the EPS uplift and cost efficiencies forecasted by the CEO suggest potential upside. Despite margin hits from Purchase Price Allocation, revenue rose 23.2% to £2.28B, with management optimistic about medium-term growth. Stabilising interest rates and a strong balance sheet position Barratt Redrow to benefit from increased home completions and market penetration.» Mehr auf seekingalpha.com