Another positive trading update, reflecting that the impact of state intervention in the market is now exceptionally high, and we continue to have concerns about earnings quality as a result...although we could see strong earnings per share growth through 2015,we see the valuation as stretched.
CHRIS MILLINGTON NUMIS
Barratt’s statement is strong and shows that sales have accelerated since the launch of the Help to Buy scheme... In our view Barratt remains one of the more geared housebuilders into the recovery of UK housing, given its financial leverage and nationwide coverage.
GLYNIS JOHNSON DEUTSCHE BANK
Barratt provides yet further evidence of an improving trading environment, with Help to Buy driving a strong pick up in selling rates since its launch...With a June year end for the group, we see little to no movement in consensus full-year pre-tax profits for Barratt today.