Barratt Developments
BDEV: 452.40 -15.20 (▼3.25%)
| Bid Price | 452.20 | High Price | 468.80 |
|---|---|---|---|
| Ask Price | 452.40 | Low Price | 450.80 |
| Open Price | 467.10 | Spread | 0.04% |
| Prev Close | 452.40 | Volume | 4,477,802.00 |
Barratt Developments Share Price Chart
Intraday
Historic – 1 year
Barratt Developments Share Price Information
| Name | Barratt Developments | Epic | BDEV |
|---|---|---|---|
| Sector | Household Goods & Home Construction | ISIN | GB0000811801 |
| Activites | Britain’s largest housebuilder and has built and sold over 300,000 homes. Company has a network of more than 30 housebuilding divisions strategically located throughout the UK. Company provides homes for all market sectors, plus homes for rent and shared ownership. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 452.40 | Net Gearing (%) | 25.71 |
|---|---|---|---|
| Market Cap (£m) | 4,737.25 | Gross Gearing (%) | 37.52 |
| Shares in issue (m) | 1,006.64 | Debt Ratio | 16.97 |
| P/E Ratio | 8.54 | Debt-to-Equity Ratio | 0.34 |
| Divs per share (p) | 18.30 | Assets / Equity Ratio | 1.60 |
| Dividend Yield (%) | 3.89 | Price to book value | 1.18 |
| Dividend Cover | 0.00 | SROCE (%) | 14.13 |
| Earning per share (p) | 55.10 | EPS Growth (%) | 21.10 |
| 52-week high / low (p) | 638.50 / 326.00 | DPS Growth (%) | 21.19 |
Barratt Developments Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 06 Dec | Canaccord Genuity | Hold | 452.40 | 470.00 | 490.00 | Reiterates |
| 17 Nov | Beaufort Securities | Buy | 452.40 | Reiterates | ||
| 16 Nov | Peel Hunt | Hold | 452.40 | 590.00 | 590.00 | Reiterates |
| 08 Nov | Deutsche Bank | Buy | 452.40 | 575.00 | 575.00 | Reiterates |
| 01 Nov | Deutsche Bank | Buy | 452.40 | Reiterates |
Barratt Developments Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 25 Nov 2016 | Jock Lennox | Buy | 10000 @ 472.38p | £47,238.00 |
| 21 Nov 2016 | Tessa Bamford | Dividend Reinvestment Plan | 1696 @ 488.22p | £8,280.21 |
| 31 Oct 2016 | John Allan | Buy | 11103 @ 452.70p | £50,263.28 |
| 24 Oct 2016 | Richard Akers | Buy | 10000 @ 481.75p | £48,175.00 |
| 24 Oct 2016 | John Allan | Buy | 20000 @ 484.36p | £96,872.00 |
| 28 Jun 2016 | David Thomas | Exercise | 4398 @ 204.60p | £8,998.31 |
Barratt Developments Company News
Broker Forecast – Canaccord Genuity issues a broker note on Barratt Developments PLC
Canaccord Genuity today reaffirms its hold investment rating on Barratt Developments PLC (LON:BDEV) and raised its price target to 490p (from 470p).
Story provided by StockMarketWire.com
Director Deals – Barratt Developments PLC (BDEV)
Jock Lennox, Director, bought 10,000 shares in the company on the 24th November 2016 at a price of 472.38p. The Director now holds 10,000 shares representing 0.00% of the shares in issue.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
Barratt resolutions passed at AGM
Barratt Developments has confirmed that all resolutions proposed at its annual general meeting today were passed.
At 1:04pm: (LON:BDEV) Barratt Developments PLC share price was +7.3p at 476.8p
Story provided by StockMarketWire.com
Financial stocks drag FTSE down
The FTSE 100 and FTSE 250 indexes slumped by 0.5% on a lack of corporate news, although financial stocks also contributed to the decline.
Royal Bank of Scotland (RBS), Lloyds (LLOY) and Standard Life (SL.) fell by more than 1.5%.
Housebuilder stocks suffered as Barratt’s negative trading update affected confidence in the sector, dragging British Land (BLND), Travis Perkins (TPK) and Land Securities (LAND) lower.
West Texas Intermediate (WTI) crude oil was stable at $45.84 while Brent crude oil retreated 0.2% to $46.86 per barrel, respectively.
Gold was flat at $1,224 per ounce and copper cheapened over 2% to $5,401 per tonne.
FTSE 100 RISERS AND FALLERS
Housebuilder Barratt Developments (BDEV) fell into negative territory as an update revealed a 4.3% year-on-year bump in sales after the Brexit vote. Barratt also warned of a more ‘challenging’ London housing market, flagging a shortage of skilled labour.
Rolls-Royce’s (RR.) mixed trading update worried investors as some market conditions remained challenging.
FTSE 250 RISERS AND FALLERS
Markets operator ICAP (IAP) was one of the biggest mid cap fallers after reporting trading pre-tax profit fell by 7% from £55m to £51m in the half year to 30 September. The firm said the US election prompted an increase in trading activity, but it was too soon to assume subdued market conditions are over.
Ocado (OCDO) fell 8.5% to 258p as competition heated up in the home food delivery market. Morrisons (MRW) started its partnership with Amazon today where customers of the online retailer will be able to order food from their local Morrisons store for same-day delivery.
Emergency power outfit Aggreko (AGK) disappointed investors with a mild profit warning as guidance was for full year numbers ‘broadly’ in line with expectations.
SMALL CAP RISERS AND FALLERS
Petro Matad (MATD) upgraded its prospective basin portfolio. Data coverage of its acreage revealed 12 basins, which is likely to increase with future work programme activities. Investors were excited by the news, causing the firm to trade 25.6% higher.
The market cheered biotech company Tiziana Life Sciences (TILS) after it announced positive therapeutic effects from its oral auto-immune disease treatment foralumab.
A bidding war erupted for water supply company Dee Valley Water (DVW). After an agreement for a £71.2m takeover in October from Ancala Fornia, the small cap today withdrew its recommendation in favour of a £78.5m bid from FTSE 100 utility Severn Trent (SVT).
Real estate fund Trinity Capital (TRC) completed its disposal of Trinity Capital One and Trinity Capital Five for £8.7m, causing the stock to soar 17.3%.
Engineering company Fenner (FENR) reassured investors in optimistic final results that it anticipated the outcome for the current year will be ahead of expectations. The company traded 9% higher at 257p.
Speedy Hire’s (SDY) turnaround continued with news that full year pre-tax profit is expected to be ahead of forecasts. It announced a 10% hike in the dividend and said new customer service initiatives were in the process of being introduced to help grow profitable market share. Its share price shot up 15% to 42.2p.
Connected devices specialist LiftwaveRF (LWRF) raised £1m through a discounted shares subscription. The funds are intended for further development of its sales and marketing activity and to accelerate new product development.
Story provided by StockMarketWire.com
FTSE 100 drifts lower amid lack of corporate results
The FTSE 100 slumped 0.2% and FTSE 250 was static on a day dominated by mid to smaller company news.
West Texas Intermediate (WTI) crude oil fell 1.4% to $45 and Brent crude oil was 1.2% lower at $46.36 per barrel, respectively.
Gold glittered at $1,227 per ounce and copper declined 0.8% to $5,467 per tonne.
UK employment hit an 11-year low after declining by 37,000 to 1.6 million in the three months to September, according to the Office for National Statistics.
FTSE 100 RISERS AND FALLERS
Housebuilder Barratt Developments (BDEV) fell into negative territory as an update revealed a 4.3% year-on-year bump in sales after the Brexit vote. Barratt also warned of a more ‘challenging’ London housing market, flagging a shortage of skilled labour.
Rolls-Royce’s (RR.) mixed trading update worried investors as some market conditions remained challenging. There were no signs of recovery in offshore oil and gas markets as marine and OE order books remained weak.
FTSE 250 RISERS AND FALLERS
Markets operator ICAP (IAP) was one of the biggest mid cap fallers after reporting trading pre-tax profit fell by 7% from £55m to £51m in the half year to 30 September. The firm said the US election prompted an increase in trading activity, but it was too soon to assume subdued market conditions are over.
Ocado (OCDO) fell 4.5% to 269.5p as competition heated up in the home food delivery market. WM Morrison Supermarkets (MRW) started its partnership with Amazon today where customers of the online retailer will be able to order food from their local Morrisons store for same-day delivery.
Emergency power outfit Aggreko (AGK) disappointed investors with a mild profit warning as guidance was for full year numbers ‘broadly’ in line with expectations.
SMALL CAP RISERS AND FALLERS
A bidding war erupted for water supply company Dee Valley Water (DVW). After an agreement for a £71.2m takeover in October from Ancala Fornia, the small cap today withdrew its recommendation in favour of a £78.5m bid from FTSE 100 utility Severn Trent (SVT).
Real estate fund Trinity Capital (TRC) completed its disposal of Trinity Capital One and Trinity Capital Five for £8.7m, causing the stock to catapult 18.7%.
Polymer technology developer Fenner (FENR) reassured investors in optimistic final results that it anticipated the outcome for the current year will be ahead of expectations. The company traded 8.9% higher at 256.7p.
Speedy Hire’s (SDY) turnaround continued with news that full year pre-tax profit is expected to be ahead of forecasts. It announced a 10% hike in the dividend and said new customer service initiatives were in the process of being introduced to help grow profitable market share. Its share price shot up 13.2% to 41.6p.
Brick maker Forterra (FORT) was stable on a reassuring trading update as demand remained robust from housebuilders. It also increased brick capacity by 2.5% to 3% and restarted some production. Sector peer Ibstock (IBST) rose 1.1% in response to the good news.
Avon Rubber (AVON) advanced on positive full year results and a return to a net cash position. Pre-tax profit was ahead of analyst forecasts at £21.6m and the dividend was hiked by a third.
Connected devices specialist LiftwaveRF (LWRF) raised £1m through a discounted shares subscription. The funds are intended for further development of its sales and marketing activity and to accelerate new product development.
Story provided by StockMarketWire.com
