Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

475.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 566.40
  • 52 Week Low: 392.30
  • Currency: UK Pounds
  • Shares Issued: 974.59m
  • Volume: 4,806,531
  • Market Cap: £4,635.16m
  • RiskGrade: 174

Strong demand boosts profits at Barratt

By Abigail Townsend

Date: Thursday 14 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Barratt Developments said annual profits were on track to beat forecasts, after buoyant demand for new homes helped sales return to pre-pandemic levels.
Updating on trading ahead of publishing full-year numbers, the house builder said it had seen "strong" demand across the country, with total completions returning to pre-pandemic levels. A total of 17,908 homes were completed in the year, compared to 17,243 a year previously and 17,856 in 2019.

The total average selling price was £300,000, compared to £288,800 in 2021.

Adjusted pre-tax profits for the year to 30 June are now expected to come in between £1.05bn and £1.06bn, slightly ahead of current market consensus for £1.048bn.

David Thomas, chief executive, said: "We have delivered an excellent performance this year, reflecting the strong customer demand for our homes and the productivity of our sites."

Looking to the current year, Barratt said that it was well positioned, with total forward sales of 13,579 homes valued at £3.62bn as at 30 June. Total home completions are expected to grow in line with the blue chip's medium term growth target of 3% to 5%.

Thomas said: "While there are clearly macro-economic uncertainties ahead, the housing market remains robust, our forward order book is strong and we have the resilience and flexibility to react to changes in the operating environment."

Barratt is due to publish full-year results on 7 September.

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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 475.60p
Change Today 0.20p
% Change 0.04 %
52 Week High 566.40
52 Week Low 392.30
Volume 4,806,531
Shares Issued 974.59m
Market Cap £4,635.16m
RiskGrade 174

BDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Trend Not Available
Income
55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Growth
51.38% below the market average51.38% below the market average51.38% below the market average51.38% below the market average51.38% below the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 6
Sell 2
Strong Sell 0
Total 13
neutral
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 11-Apr-24 28-Sep-23
Paid 17-May-24 03-Nov-23
Amount 4.40p 23.50p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 1,800 @ 475.60p
16:44 32,307 @ 478.93p
16:42 28,507 @ 475.60p
16:37 129,188 @ 477.00p
16:35 1,344,734 @ 475.60p

BDEV Key Personnel

COO Steven J Boyes
Chair Caroline Silver

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