Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarratt Developments Share News (BDEV)

Share Price Information for Barratt Developments (BDEV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 475.60
Bid: 476.20
Ask: 476.40
Change: 0.00 (0.00%)
Spread: 0.20 (0.042%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 475.60
BDEV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

HSBC upgrades Berkeley, expects help-to-buy fillip for housebuilders

Wed, 19th Feb 2020 08:45

(Sharecast News) - Berkeley Group was the standout gainer on the FTSE 100 on Wednesday as HSBC upped its rating on the stock to 'buy' and said it now has 'buy' ratings on all nine listed housebuilders under coverage.
"The decisive general election result has brought the prospect of a final settlement of Brexit closer and unleashed pent-up demand in housing activity that we are forecasting to induce a full year 2020 3% rise in UK-wide new home sales reservations," it said.

HSBC said it expects the restriction in the government's help to buy equity loan system to first-time buyers from March 2021 to contribute to this rise in the sales rate.

The bank upgraded Berkeley from 'hold' and hiked the price target to 6,620p from 4,540p, saying it's set to deliver the second-highest return on invested capital in the sector. HSBC noted the shares are up 56% since 2019 lows, in-line with sector's 54% rise.

"The current share price, in our view, is not fully pricing-in the improvement in near-term London housing market as well as the wider south East housing market and long-term prospects," it said.

The bank's preferred picks in the sector are Barratt Developments, Bellway, Redrow and Crest Nicholson.

"They all have a majority weighting to southern England, where we expect the impact of the change in our housing market forecasts, and therefore EBIT and invested capital forecasts, to be greatest," it said.

More News
27 Mar 2024 14:48

EARNINGS: Aurora hails AI potential; Technology Minerals optimistic

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

Read more
15 Mar 2024 08:46

TOP NEWS: UK CMA invites comments as looks into Barratt bid for Redrow

(Alliance News) - The UK's competition watchdog has opened a preliminary investigation into the GBP2.52 billion acquisition of Redrow PLC by Barratt Developments PLC.

Read more
15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

Read more
15 Mar 2024 07:21

UK's CMA to seeks views on Barratt £2.5bn Redrow takeover

(Sharecast News) - UK competition regulators on Friday said they were taking an initial look into Barratt's £2.52bn takeover of homebuilding rival Redrow.

Read more
14 Mar 2024 16:33

London close: Stocks fall as US inflation tops forecasts

(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.

Read more
12 Mar 2024 12:03

LONDON MARKET MIDDAY: FTSE 100 outperforms ahead of US data

(Alliance News) - The FTSE 100 rallied heading into Tuesday afternoon, with gains for the blue-chip index broad-based, in confident trade ahead of a US inflation reading.

Read more
7 Mar 2024 12:04

LONDON MARKET MIDDAY: Stocks mixed ahead of ECB interest rate decision

(Alliance News) - Stock prices in London were mixed at midday on Thursday, as investors nervously wait for the European Central Bank.

Read more
7 Mar 2024 08:51

LONDON MARKET OPEN: Virgin Money UK surges on Nationwide takeover

(Alliance News) - Stock prices in London opened mixed on Thursday, as investors looked nervously towards the latest European Central Bank decision.

Read more
1 Mar 2024 08:49

LONDON MARKET OPEN: Housebuilders rise as UK housing market recovers

(Alliance News) - Stock prices in London opened mostly higher on Friday, after data from Nationwide showed that the UK housing market is recovering.

Read more
27 Feb 2024 16:57

LONDON MARKET CLOSE: FTSE 100 lags European peers amid weaker US data

(Alliance News) - European equities traded largely more confidently on Tuesday than they did at the start of the week, though the FTSE 100 underwhelmed again as its housebuilding and tobacco stocks slid.

Read more
26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

Read more
26 Feb 2024 11:46

LONDON MARKET MIDDAY: Housebuilders take hit from CMA concerns

(Alliance News) - Stock prices in London were mostly lower at midday on Monday, with the FTSE 100 and FTSE 250 weighed down by housebuilding stocks.

Read more
26 Feb 2024 08:50

TOP NEWS: UK CMA investigates housebuilders for under delivery

(Alliance News) - The UK competition watchdog on Monday said it found "fundamental concerns" within the UK housebuilding market, and has launched an investigation into eight housebuilders.

Read more
26 Feb 2024 08:46

LONDON MARKET OPEN: Stocks mixed; housebuilders fall on CMA probe

(Alliance News) - Stock prices in London saw a muted open on Monday, with housebuilders in focus amid an investigation into suspected anti-competitive behaviour.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.