Broker says sell: Barratt
293.25p +10.75p
ABN Amro has carried out a review of the housing sector and is predicting that house prices will fall by 15 per cent over the next two years.
The broker has consequently downgraded its advice on Barratt from "hold" to "sell", setting a price target of 229p, down from 390p.
ABN thinks the group's use of debt to fund acquisitions and investment in land has left Barratt's open to fluctuations in the housing market.
The full article contains 82 words and appears in The Scotsman newspaper.
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Last Updated:
08 May 2008 9:38 PM
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Source:
The Scotsman
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Location:
Edinburgh
