Barratt Developments Plc (BDEV) Given “Hold” Rating at Liberum Capital
Liberum Capital reiterated their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a research report released on Monday. The brokerage currently has a GBX 485 ($6.33) price objective on the real estate development company’s stock.
A number of other equities research analysts have also commented on the stock. Credit Suisse Group AG raised their price objective on shares of Barratt Developments Plc from GBX 464 ($6.06) to GBX 547 ($7.14) and gave the stock a neutral rating in a report on Friday, September 23rd. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 575 ($7.51) target price on shares of Barratt Developments Plc in a research report on Saturday, September 17th. Canaccord Genuity raised their target price 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 report on Thursday, September 8th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 470 ($6.13) target price on shares of Barratt Developments Plc in a research report on Thursday, September 8th. Finally, Peel Hunt decreased their target price 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. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Barratt Developments Plc has an average rating of Hold and an average price target of GBX 551.06 ($7.19).
Shares of Barratt Developments Plc (LON:BDEV) traded up 2.9236% on Monday, hitting GBX 515.6471. 4,795,877 shares of the stock were exchanged. The firm’s market capitalization is GBX 5.17 billion. The company has a 50-day moving average price of GBX 483.10 and a 200-day moving average price of GBX 498.22. Barratt Developments Plc has a one year low of GBX 326.00 and a one year high of GBX 661.00.
The firm also recently announced a dividend, which will be paid on Monday, November 21st. Shareholders of record on Thursday, October 27th will be issued a dividend of GBX 24.70 ($0.32) per share. This represents a yield of 5.02%. This is a positive change from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, October 27th.
Barratt Developments Plc Company Profile
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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