Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

483.80p
   
  • Change Today:
    -4.00p
  • 52 Week High: 760.00p
  • 52 Week Low: 448.50p
  • Currency: UK Pounds
  • Shares Issued: 1,022.56m
  • Volume: 336,386
  • Market Cap: £4,947.16m
  • RiskGrade: 174

Barratt Developments on track for FY amid 'strong' demand

By Michele Maatouk

Date: Thursday 05 May 2022

LONDON (ShareCast) - (Sharecast News) - Housebuilder Barratt Developments said on Thursday that it was on track to meet its expectations for the year as it highlighted strong demand.
In an update for the period from 1 January to 1 May, the company said forward sales were £4.38bn versus £3.70bn the year before. Net private reservations per active outlet per average week were 0.93, up from 0.83 a year earlier and Barratt delivered 4,625 total home completions during the period, down from 4,481 a year earlier. This took the total for the year to date to 12,692.

"As previously flagged, the decrease in completions in the financial year to date reflects a return to the group's normal seasonality as well as the impact of the tapering of the Help to Buy scheme and the original stamp duty holiday deadline, which fell within the comparative period in 2021," it said.

Barratt said it was on track to deliver total home completions of between 18,000 and 18,250, including around 750 joint venture home completions.

"Macro-economic uncertainties remain, most notably around the war in Ukraine and rising inflation and interest rates in the wider UK economy," the company said.

"As a business, we also face higher taxation, the ongoing challenges around build cost inflation and the future withdrawal of Help to Buy, which will begin to taper in Autumn 2022, as the scheme draws to a close in March 2023.

"The board believes, however, that the overall strength of the housing market, our operational performance since the onset of the pandemic and our strong financial position provides us with the platform and flexibility to react to any challenges and opportunities in the remainder of FY22 and beyond."



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BDEV Market Data

Currency UK Pounds
Share Price 483.80p
Change Today -4.00p
% Change -0.82 %
52 Week High 760.00p
52 Week Low 448.50p
Volume 336,386
Shares Issued 1,022.56m
Market Cap £4,947.16m
RiskGrade 174

BDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.23% above the market average93.23% above the market average93.23% above the market average93.23% above the market average93.23% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
53.59% below the market average53.59% below the market average53.59% below the market average53.59% below the market average53.59% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Income
94.24% above the market average94.24% above the market average94.24% above the market average94.24% above the market average94.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average

What The Brokers Say

Strong Buy 14
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BDEV Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Apr-22 30-Sep-21
Paid 18-May-22 09-Nov-21
Amount 11.20p 21.90p

Trades for 09-Aug-2022

Time Volume / Share Price
12:26 549 @ 483.80p
12:26 226 @ 484.00p
12:26 1 @ 484.00p
12:26 40 @ 484.00p
12:25 67 @ 484.00p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan

Top of Page