Barratt Developments PLC

BDEV: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 333.00	Gpnv	Xrbfpldkx

Barratt: Housing Cycle Challenges To Mount in Fiscal 2024, but Long-Term Fundamentals Remain Intact

Grant Slade

Jul 13, 2023

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.

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