The company Barratt Developments has an important growth potential.

Regarding financial, the company seems solid. First, it benefits from a significant growth highlighted by Thomson-Reuters analysts' forecasts. Second, it has large enough profits that enables to generate substantial earnings. Sales and EPS revisions shows analysts' confidence since upward revisions were made over the last 4 months.

From a technical viewpoint, Barratt Developments' shares remain close to an important support area (GBp 542.5). The latter brings an additional argument for a bullish rebound in prices, especially since the equity still having sound fundamentals. The fall registered on recent sessions represents a key entry point with a target at GBp 611.

Fundamentals on the group induce long trade to be opened. The GBp 542.5 support lift prices and could validate the range GBp 542.5/611. The aim of the rebound corresponds to the GBp 611 level with a stop-loss order under the GBp 542.5.