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Pin to quick picksBarratt Developments Share News (BDEV)

Share Price Information for Barratt Developments (BDEV)

London Stock Exchange
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Share Price: 504.80
Bid: 506.00
Ask: 506.20
Change: 1.60 (0.32%)
Spread: 0.20 (0.04%)
Open: 509.60
High: 512.80
Low: 503.60
Prev. Close: 503.20
BDEV Live PriceLast checked at -

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Selloff in housebuilding sector presents opportunities, says Citi

Tue, 26th Oct 2021 09:45

(Sharecast News) - The recent selloff in the housebuilding sector presents opportunities with significant growth and yield attractions, Citi said in a note on Tuesday.
The bank noted that inflationary pressures, supply chain challenges and the impact of potential rate hikes have dominated investor concerns recently.

"This despite the sector's resilient operating performance and robust demand trends, outweighing an ambitious medium term growth trajectory with average annualised net asset growth projected at circa +14% per annum for 2022- 23e," it said.

"The current valuation of a P/B of 1.4x for CY22e reflects a discount of over 25% to implied multiples on our estimates and offers investors significant value over the medium term."

Citi said housebuilders with strong medium-term growth targets, namely Barratt, Bellway and Taylor Wimpey remain its preferred picks. It also has buy ratings on Persimmon, Berkeley Group and Redrow.
More News
6 Sep 2023 09:39

TOP NEWS: Barratt Developments cuts dividend as adjusted profit falls

(Alliance News) - Homebuilder Barratt Developments PLC on Wednesday reported bottom-line progress in its recently concluded financial year, despite lower completions.

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6 Sep 2023 09:02

LONDON MARKET OPEN: Stocks fall amid high oil prices

(Alliance News) - Stock prices in London opened lower on Wednesday, as high oil prices gave rise to fears of renewed inflationary pressures and interest rate hikes.

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6 Sep 2023 07:46

LONDON BRIEFING: Bridgepoint buys ECP; Barratt cuts dividend

(Alliance News) - Stocks in London are called lower on Wednesday, as the recent uptick in oil prices sours the mood.

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6 Sep 2023 07:03

Barratt FY profits fall, no buyback as rising mortgage costs bite

(Sharecast News) - UK housebuilder Barratt on Wednesday reported a fall in annual profits, cut its dividend and said there would be no share buyback this year as higher borrowing costs hit mortgage affordability.

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5 Sep 2023 15:01

Inland Homes and subsidiary Inland ZDP confirms co-founder departure

(Alliance News) - Inland Homes PLC and its wholly-owned subsidiary Inland ZDP PLC both confirmed on Tuesday that Inland Homes Co-Founder and Inland ZDP Founder Director Nish Malde has retired and left the company.

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30 Aug 2023 16:50

LONDON MARKET CLOSE: Stocks up as soft US data lifts hope of Fed pause

(Alliance News) - Stocks in London ended higher on Wednesday, as a slew of of softer economic data from the US further lifted hopes that interest rates might soon peak in the world's largest economy.

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30 Aug 2023 15:42

UK earnings, trading statements calendar - next 7 days

Thursday 31 August 
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BBGI Global Infrastructure SAHalf Year Results
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Gulf Keystone Petroleum LtdHalf Year Results
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Ashtead Technology Holdings PLCHalf Year Results
Belvoir Group PLCHalf Year Results
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Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Blackbird PLCHalf Year Results
Craneware PLCFull Year Results
DS Smith PLCTrading Statement
Ecora Resources PLCHalf Year Results
Eurocell PLCHalf Year Results
Gamma Communications PLCHalf Year Results
GetBusy PLCHalf Year Results
Headlam Group PLCHalf Year Results
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Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
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Wednesday 6 September 
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Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
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30 Aug 2023 11:53

LONDON MARKET MIDDAY: FTSE 100 outperforms European peers

(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August.

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30 Aug 2023 08:57

LONDON MARKET OPEN: Prudential outperforms; Instem jumps on takeover

(Alliance News) - Stock prices in London opened higher on Wednesday, as market sentiment continued to be lifted by Tuesday's weak US data which is driving up hopes that interest rates have peaked.

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29 Aug 2023 17:01

LONDON MARKET CLOSE: Stocks higher on housebuilder rally, China boost

(Alliance News) - Stocks in London ended firmly in green on Tuesday, with the FTSE 100 benefiting from news of fresh stimulus measures in China and a major environmental regulation change in the UK.

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29 Aug 2023 17:00

Miners, homebuilders boost FTSE 100 to 2-weeks high

FTSE 100 hits 2-week high

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29 Aug 2023 12:47

UK scraps some water pollution rules to boost homebuilding

LONDON, Aug 29 (Reuters) - Britain said on Tuesday it would remove some European Union rules it had retained post-Brexit that were meant to curb water pollution, to enable thousands of new homes to be built, a move environmentalists said would further spoil dirty rivers.

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29 Aug 2023 12:23

UK housebuilders enjoy boost as government relaxes waterway rules

(Alliance News) - A major regulation change is set to make life easier for housebuilders, after UK Levelling-Up Secretary Michael Gove said on Tuesday that the government would be scrapping rules on waterway pollution.

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29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

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21 Aug 2023 16:49

LONDON MARKET CLOSE: FTSE 100 tips into red as housebuilders struggle

(Alliance News) - Stocks in London were lower at the close on Monday, with the FTSE 100 tipping into the red as its blue-chip housebuilders were hurt by less-than-stellar data from Rightmove and a profit warning from FTSE 250 peer Crest Nicholson.

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