Deutsche Bank AG Reaffirms “Buy” Rating for Barratt Developments Plc (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued on Monday. They currently have a GBX 575 ($7.51) price objective on the real estate development company’s stock. Deutsche Bank AG’s price target indicates a potential upside of 13.64% from the company’s current price.
A number of other analysts have also commented on BDEV. Canaccord Genuity upped their price objective on shares of Barratt Developments Plc from GBX 370 ($4.83) to GBX 470 ($6.13) and gave the company a “hold” rating in a research note on Thursday, September 8th. Peel Hunt reduced their price target on shares of Barratt Developments Plc from GBX 640 ($8.35) to GBX 590 ($7.70) and set a “hold” rating for the company in a research report on Thursday, September 8th. Jefferies Group increased their price target on shares of Barratt Developments Plc from GBX 601 ($7.84) to GBX 603 ($7.87) and gave the stock a “buy” rating in a research report on Thursday, September 8th. Liberum Capital increased their price target on shares of Barratt Developments Plc from GBX 350 ($4.57) to GBX 485 ($6.33) and gave the stock a “hold” rating in a research report on Friday, September 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 470 ($6.13) price target on shares of Barratt Developments Plc in a research report on Thursday, September 8th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Barratt Developments Plc currently has an average rating of “Hold” and an average target price of GBX 551.06 ($7.19).
Shares of Barratt Developments Plc (LON:BDEV) traded up 1.46% on Monday, hitting GBX 501.50. 5,534,295 shares of the stock traded hands. Barratt Developments Plc has a 12-month low of GBX 326.00 and a 12-month high of GBX 661.00. The stock’s market cap is GBX 5.03 billion. The stock has a 50-day moving average price of GBX 480.18 and a 200 day moving average price of GBX 499.52.
The business also recently disclosed a dividend, which will be paid on Monday, November 21st. Stockholders of record on Thursday, October 27th will be paid a GBX 24.70 ($0.32) dividend. This is an increase from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 5.02%.
About Barratt Developments Plc
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.
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