The Tipster | Safe as housebuilders
WHILE revenues are likely to be flat, traders expect Barratt Developments to report improvements in its margins tomorrow, which should help to boost profit levels. But the property developer’s shares have surged by nearly 70 per cent over the last year, leading some to declare that most of the good news is already priced in. Capital Spreads quotes a price of 238.2p-238.4p.
An improving property market has helped LSL Property Services. The property group reports its final results on Thursday, and higher transactions are expected. Its shares, which have been hindered by indemnity claims relating to the property boom, are up by 21 per cent over the last year. However, they have struggled to break the 300p level. ETX Capital quotes a price of 294.31p-296.34p.