Barratt Developments PLC
BDEV: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 187.00 | Cssg | Rplsypm |
Barratt: Housing Cycle Challenges To Mount in Fiscal 2024, but Long-Term Fundamentals Remain Intact
Barratt Developments’ July 2023 trading update offered us little surprise, with the no-moat homebuilder effectively issuing its full-year fiscal 2023 result. Barratt expects to deliver full-year fiscal 2023 pretax profit of GBP 881 million when it reports on Sept. 6, in line with our full-year forecast.