Barratt Developments plc

Positive on volume recovery; customer demand robust since reopen

  • Sectors : Construction and Housebuilding
  • Companies : Barratt Developments plc

Ratings and price correct at time of issue.

  • Barratt Developments plc

    Closing Price: 490p

  • RATING 25/06/20

  • PREVIOUS RATING 24/03/14

    NEUTRAL

DAVY VIEW

Barratt Developments is painting a reasonable picture of recovery in volumes following the lockdown period. Sites are already back at 75% run rate and this is expected to improve towards 100% in the near term. Demand has been surprisingly robust since the restart of sites and the forward order book has seen significant growth.

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Jul 6 2020, 08:40 IST/BST

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