SPY383.63+6.93 1.84%
DIA315.24+5.66 1.83%
IXIC12,920.15+196.68 1.55%

DJ Barratt Developments Seen Set for Medium-Term Volume Growth -- Market Talk

· 02/05/2021 10:56

1556 GMT - Barratt Developments remains well placed for volume growth in the medium term as it continues to close its margin gap compared with competitors, according to Peel Hunt. The housebuilder delivered a good set of half-year results, with record completions and recovering margins. "Although volume growth in the second half of the year will be muted, we expect to see further growth in the medium-term as the group expands towards 20,000 completions," says the brokerage. Peel Hunt maintains a hold rating on the stock but increases its target price to 720 pence from 705 pence. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 10:56 ET (15:56 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.