Best of the Brokers for 21 July 2014

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Barclays has maintained its “overweight” rating, increasing the target price to 936p from 695p. The broker believes that British Land’s underlying real estate values should continue to increase, with a spike in office rents, as well as a modest increase in retail rent growth.

Liberum has reduced to “Hold” from “Buy”, cutting the target price to 387p from 468p. The broker thinks there is less upside for Barratt compared to most peers, and is still not clear if the group will keep its size at 16,000 units per annum or seek to increase to 20,000 units per annum.