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

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Share Price:
Down 687.40p
Change Today:
-27.00p
Market Cap:
7,028m
Sector:
Household Goods & Home Construction

Barratt Developments FY profits surge amid 'strong' demand

By Michele Maatouk

Date: Thursday 02 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Housebuilder Barratt Developments reported a 65% jump in full-year profit on Thursday amid "strong" demand.

In the year to 30 June, pre-tax profit rose to 812.2m from 491.8m the year before, with revenues up 40.7% at 4.8bn. Meanwhile, total completions were 36.8% higher at 17,243.

The company declared a dividend of 29.4p per share, having not paid one in 2020 and up from a dividend of 29.1p in 2019.

Chief executive David Thomas said: "We have begun the new financial year in a strong position and, whilst there are still uncertainties ahead, our strong balance sheet, forward order book visibility and construction activity to date all stand us in good stead.

"There is very strong demand for houses across the country and we play a crucial role in providing the high quality and sustainable homes this country needs. As we work towards our medium term target of growing completions to 20,000 homes a year, we are committed to doing so as the leading national sustainable housebuilder - building homes which have a positive environmental, social and economic impact today and into the future."

As far as current trading is concerned, Barratt said net private reservations per active outlet per average week was at 0.83 from 1 July through to 22 August, 11.7% below the equivalent initial post-lockdown period in FY21, but 22.1% above the same period in FY20.

Meanwhile, forward sales as at 22 August were 15,734 homes, up from 15,660 at the same time last year, with a value of 3.9bn, up from 3.7bn.

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 687.40p
Change Today -27.00p
52 Week High 794.80p
52 Week Low 583.40p
Volume 2,560,238
Shares Issued 1,022.33m
Market Cap 7,028m
Beta 1.37

Performance Indicators

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What The Brokers Say

Strong Buy 15
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 19
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 Interim
Ex-Div 30-Sep-21 15-Apr-21
Paid 09-Nov-21 10-May-21
Amount 21.90p 7.50p

Trades for 26-Nov-2021

Time Volume / Share Price
16:35 878,163 @ 687.40p
16:29 240 @ 684.80p
16:29 340 @ 685.00p
16:29 2 @ 685.20p
16:29 2 @ 685.20p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan