Barratt share price: why is it underperforming the FTSE 100?
In the last year, the Barratt(LSE: BDEV) share price has fallen by 8%. That’s a worse performance than the FTSE 100’s rise of 2% and suggests that investor sentiment towards the company remains weak. With Brexit under a year away and the prospects for the economy being downgraded recently by the Bank of England, this may not be a major surprise. But for long-term investors, it could present a buying opportunity for UK-focused stocks such as Barratt. Its price-to-earnings growth (PEG) ratio of 0.6 suggests that it has a wide margin of safety and may be able to deliver impressive share price growth despite the risks from Brexit.