Added to YB: 2024-07-15
Pitch date: 2024-07-12
BDEV.L [neutral]
Barratt Redrow plc
-22.34%
current return
Author Info
No bio for this author
Company Info
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities.
Market Cap
GBP 5.7B
Pitch Price
GBP 4.62
Price Target
N/A
Dividend
4.39%
EV/EBITDA
9.45
P/E
30.12
EV/Sales
0.89
Sector
Household Durables
Category
special_situation
3 FTSE housebuilding stocks on my radar - Barratt Developments plc
BDEV.L: Q1 net reservations +5.5%, completions -18.6%. FY24 PBT to exceed expectations. £865M net cash. FY25 forecast: 13-13.5K completions. £192M legacy charges. Redrow merger pending CMA approval. Land approvals +12,439 plots. Challenging macro but confident in FY26 outlet growth. Gov't initiatives welcomed.
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