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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:
Down 664.40p
Change Today:
-13.80p
Market Cap:
6,766m
Sector:
Household Goods & Home Construction

Canaccord predicts recovery for UK housebuilders

By Sean Farrell

Date: Wednesday 02 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Bellway, Crest Nicholson and Redrow look particularly attractive as UK housebuilders profits start to recover from the Covid-19 crisis, Canaccord Genuity said.
After a strong recovery in the summer the sector is ending 2020 with good momentum and has shown it can operate well during lockdowns, Canaccord analyst Aynsley Lammin said.

Margins and returns will not reach pre-pandemic levels in 2021 but there is no reason why they should not do so in the medium term, Lammin said. Balance sheets are strong and dividends and dividends are expected to restarted in 2021.

"We expect 2021 to be a year of significant profit recovery with volumes being much closer to normalised levels and pricing firm," Lammin said.

He picked Bellway, Crest Nicholson and Redrow as the best growth prospects among midsized builders along with Vistry and said Berkeley and Persimmon offer decent growth and attractive dividend yields with less risk. Barratt and Taylor Wimpey are well placed for a good recovery and to restart dividends in 2022, Lammin said.

After gaining 24% in the past month the sector is down 22% in 2020 with a dividend yield of about 4.5%, Lammin estimated.

"Rising unemployment as well as a tightening mortgage market and the potential impact on confidence and demand remain the key risks, but we also expect government policy to be supportive and reactive if necessary," Lammin said.

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BDEV Market Data

Currency UK Pounds
Price 664.40p
Change Today -13.80p
52 Week High 773.60p
52 Week Low 364.70p
Volume 4,172,432
Shares Issued 1,018.32m
Market Cap 6,766m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 13
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 19
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 15-Apr-21 10-Oct-19
Paid 10-May-21 05-Nov-19
Amount 7.50p 19.50p

Trades for 26-Feb-2021

Time Volume / Share Price
16:37 4,111 @ 664.40p
16:35 100 @ 664.40p
16:35 2,563,432 @ 664.40p
16:29 152 @ 658.00p
16:29 354 @ 657.40p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan
CFO Jessica White