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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 753.20p
Change Today:
-0.60p
Market Cap:
7,670m
Sector:
Household Goods & Home Construction

JPMorgan upgrades Taylor Wimpey, downgrades Barratt

By Michele Maatouk

Date: Monday 29 Mar 2021

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded Barratt Developments on Monday but upgraded Taylor Wimpey as it took a look at the UK housebuilding sector.
The bank said government's continued support has helped the sector outperform the market year-to-date, with the sector up 15% versus the market up 3%.

"With good demand trends and increased near-term visibility, we raise our 2021E volumes to circa 95% of 2019's level, leading to 4% profit before tax upgrade for the sector, slightly ahead of consensus," JPM said. "With the sector still trading at 9.7x Adj. 2022E price-to-earnings (below the LT average), we remain positive and see further room for outperformance as earnings continue to grow towards 2019 levels and beyond."

JPM said it continues to like Persimmon, Redrow and Bellway, all of which are rated 'overweight'.

It upgraded shares of Taylor Wimpey to 'overweight' from 'neutral' and increased the price target to 220p from 190p, arguing that the company's earnings momentum is likely to outperform the sector, with JPM's forecasts 7% ahead of consensus despite margin expectations at the bottom end of management guidance.

JPMorgan downgraded Barratt Developments to 'neutral' from 'overweight' in light of limited upside to consensus and strong performance over the last few months, resulting in limited re-rating potential. The bank lifted its price target to 850p from 800p.

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 753.20p
Change Today -0.60p
52 Week High 794.80p
52 Week Low 432.60p
Volume 2,227,511
Shares Issued 1,018.33m
Market Cap 7,670m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
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  4. empty market
  5. empty market
sector
  1. full sector star
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  3. half sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 10
Sell 0
Strong Sell 0
Total 20
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 12-May-2021

Time Volume / Share Price
16:36 205,828 @ 759.69p
16:35 2,363 @ 753.20p
16:35 1,732 @ 753.20p
16:35 756,651 @ 753.20p
16:29 10 @ 753.20p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan
CFO Jessica White