Barratt Developments plc - Strong start to its year with forward sales up 8%

Davy Research
/Read Important Disclosures

Barratt Developments has seen a strong start to trading with weekly sales per site in-line with last year and total forward sales up 8.4%. Management’s commentary remains upbeat with no indication of caution or weakness in its end-markets. In fact, the pace of land acquisition in the period points to improved confidence in the group’s end-markets. The capital return plan continues to offer an attractive dividend yield (close to 7%).