This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Barratt Developments Page 6
Barratt Developments (BDEV) / House Builders
Will shares break down below support at 471p or rally back to the highs of 650p?
- Shares nearly back inside the 2015 falling channel
- Directional indicators converging bearishly
- Stochastics & RSI testing their 2-month uptrends
- Stochastics still overbought
Broker Consensus: 47% Buy, 47% Hold, 6% Sell
Bullish: Whitman Howard, Buy, Target 707p, +42% (31 Aug)
Average Target: 507p, 1.5% (1 Sep)
Bearish: Liberum, Hold, Target 350p, -30% (1 Sep)
N.B. All pricing and consensus data was sourced from Bloomberg on 1 Sep. Please contact us for a full, up to date rundown.
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Prepared by Michael van Dulken, Head of Research
