Shares of Barratt Developments Plc (LON:BDEV) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm. Eleven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 545.32 ($6.75).

Several research analysts have recently issued reports on BDEV shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 575 ($7.12) price target on shares of Barratt Developments Plc in a report on Tuesday, August 30th. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 464 ($5.74) price target on shares of Barratt Developments Plc in a report on Friday, September 9th. Liberum Capital upped their price target on shares of Barratt Developments Plc from GBX 350 ($4.33) to GBX 485 ($6.00) and gave the stock a “hold” rating in a report on Friday, September 23rd. Peel Hunt lowered their price target on shares of Barratt Developments Plc from GBX 640 ($7.92) to GBX 590 ($7.30) and set a “hold” rating for the company in a report on Thursday, September 8th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 609 ($7.54) price target on shares of Barratt Developments Plc in a report on Wednesday, September 7th.

Barratt Developments Plc (LON:BDEV) opened at 474.00 on Monday. The company’s market capitalization is GBX 4.75 billion. Barratt Developments Plc has a 12-month low of GBX 326.00 and a 12-month high of GBX 653.50. The firm’s 50-day moving average price is GBX 489.98 and its 200 day moving average price is GBX 494.74.

The firm also recently declared a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be given a GBX 24.70 ($0.31) dividend. This is a boost from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date is Thursday, October 27th. This represents a 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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