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We will get further detail on this at the first quarter (Q1) update, which will likely be key for share price direction. Strong forward sales and a well-maintained balance sheet do mean that the firm is well prepared for any downturn, something to bear in mind as the country heads towards key Brexit deadlines. The average move on the day is 3.36%, with current options pricing suggesting a 2.4% move. While the Bank of England (BoE) did raise rates in August, the overall cost of borrowing still remains low, which will continue to provide a boost for Barratt. At just 7.8 times forward earnings it remains more than one standard deviation below the five-year average of 9.8, while its current forward operating margin is 18% versus a six-year average of 14.8%. Although the shares have rebounded from their July lows, momentum is fading as the price heads towards trendline resistance from the 2018 highs.
Shareholders of record on Thursday, May 3rd will be paid a dividend of GBX 1.90 ($0.03) per share on Friday, June 8th. Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCarthy & Stone and related companies with MarketBeat.com's FREE daily email newsletter. McCarthy & Stone has a 12-month low of GBX 130.90 ($1.83) and a 12-month high of GBX 197.60 ($2.76). Peel Hunt decreased their price objective on McCarthy & Stone from GBX 205 ($2.86) to GBX 185 ($2.58) and set a “buy” rating for the company in a report on Wednesday, January 24th.
