FTSE 100 movers: Barratt developments tops gains
By Alexander Bueso
Date: Thursday 11 Jul 2019
(Sharecast News) - Barratt Developments fared best after analysts at Berenberg revised their target price for the company higher, from 650.0p to 670.0p, with those at Morgan Stanley close behind and upping their target from 625.0p to 675.0p.
Morgan Stanley said it was now less downbeat on the outlook for volume growth at Barratt, although it remained more conservative than company management, who had guided towards medium-term growth of between 3.0-5.0%.
International marketing and services group DCC meanwhile was ahead in anticipation of its trading update due the next day.
Ocado on the other hand fell sharply following the recent rally in the shares but with no news-flow around the company apparently.
FTSE 100 - Risers
Barratt Developments (BDEV) 614.40p 5.17%
Reckitt Benckiser Group (RB.) 6,590.00p 2.52%
Smith (DS) (SMDS) 355.50p 1.98%
Tesco (TSCO) 241.30p 1.77%
Melrose Industries (MRO) 180.20p 1.64%
Kingfisher (KGF) 219.80p 1.62%
Taylor Wimpey (TW.) 161.00p 1.58%
Berkeley Group Holdings (The) (BKG) 3,792.00p 1.42%
Burberry Group (BRBY) 1,948.50p 1.38%
Hargreaves Lansdown (HL.) 2,021.00p 1.23%
FTSE 100 - Fallers
Ocado Group (OCDO) 1,140.00p -6.17%
Just Eat (JE.) 626.80p -2.25%
Evraz (EVR) 612.80p -2.11%
Glencore (GLEN) 265.00p -1.91%
Halma (HLMA) 1,981.50p -1.86%
Standard Chartered (STAN) 720.60p -1.80%
AstraZeneca (AZN) 6,382.00p -1.65%
British American Tobacco (BATS) 2,900.00p -1.61%
Rightmove (RMV) 527.30p -1.60%
National Grid (NG.) 840.50p -1.57%
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