Canaccord Genuity Reaffirms “Hold” Rating for Barratt Developments Plc (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 470 ($6.13) target price on the real estate development company’s stock. Canaccord Genuity’s price target points to a potential downside of 6.19% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Goldman Sachs Group Inc. cut their target price on shares of Barratt Developments Plc from GBX 807 ($10.53) to GBX 601 ($7.84) and set a ” buy” rating on the stock in a research note on Monday, June 27th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 609 ($7.95) target price on shares of Barratt Developments Plc in a research note on Wednesday, September 7th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 667 ($8.71) target price on shares of Barratt Developments Plc in a research note on Sunday, June 26th. HSBC cut their target price on shares of Barratt Developments Plc from GBX 700 ($9.14) to GBX 690 ($9.01) and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, Jefferies Group cut their target price on shares of Barratt Developments Plc from GBX 807 ($10.53) to GBX 601 ($7.84) and set a “buy” rating on the stock in a research note on Monday, June 27th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Barratt Developments Plc currently has an average rating of “Hold” and a consensus target price of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) opened at 515.00 on Tuesday. The stock’s market cap is GBX 5.16 billion. Barratt Developments Plc has a 12-month low of GBX 326.00 and a 12-month high of GBX 661.00. The firm has a 50 day moving average of GBX 483.10 and a 200-day moving average of GBX 498.22.
The company also recently disclosed a dividend, which will be paid on Monday, November 21st. Shareholders of record on Thursday, October 27th will be given a dividend of GBX 24.70 ($0.32) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 5.02%. This is an increase from Barratt Developments Plc’s previous dividend of $6.00.
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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