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Prices & Quotes - UK Markets - Barratt Developments (BDEV)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 541.00p
Change Today:
11.80p
Market Cap:
5,509m
Sector:
Household Goods & Home Construction

JP Morgan upgrades Barratt and Vistry

By Sean Farrell

Date: Friday 11 Sep 2020

LONDON (ShareCast) - (Sharecast News) - JP Morgan upgraded Barratt Developments to 'overweight' after the housebuilder's "solid" annual results and switched its recommendation on Vistry to 'neutral'.
The bank's analyst Rajesh Patki changed his rating on Barratt shares from 'neutral' while keeping Persimmon as his top pick in the sector.

UK housebuilders have underperformed the wider market by 34% in 2020 and it has paid to stick with "quality" companies such as Persimmon and Berkeley, Patki said. Though there is still plenty of uncertainty over unemployment and Brexit, Patki said the risk-reward trade-off for Barratt had become more appealing with 26% upside on a price target of 590p.

"We upgrade Barratt ... on the back of solid results and better than expected margin outlook," Patki wrote in a note to clients. "New pecking order reflects execution and valuation."

Patki upgraded Vistry from 'underweight' to "take profit" after significant underperformance so far in 2020. He said the shares had 11% upside on a price target of 670p.

Barratt shares rose 0.1% to 512.60p at 11:38 BST and Vistry's shares were down 1.8% to 594p.

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

 

BDEV Market Data

Currency UK Pounds
Price 541.00p
Change Today 11.80p
52 Week High 878.40p
52 Week Low 364.70p
Volume 2,496,433
Shares Issued 1,018.31m
Market Cap 5,509m

Performance Indicators

Compare performance with the sector and the market.

Key
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Vs Sector
Value
market
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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sector
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Dividend Yield
Not Available
EPS Growth
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sector
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 14
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 17
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
  Final Special
Ex-Div 10-Oct-19 10-Oct-19
Paid 05-Nov-19 05-Nov-19
Amount 19.50p 17.30p

Trades for 23-Oct-2020

Time Volume / Share Price
16:39 1,080 @ 541.00p
16:35 762,425 @ 541.00p
16:29 2 @ 538.80p
16:29 20 @ 539.40p
16:29 271 @ 539.20p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan
CFO Jessica White