Barratt Developments Plc (BDEV) Stock Rating Reaffirmed by Peel Hunt
Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating restated by equities research analysts at Peel Hunt in a report released on Wednesday. They presently have a GBX 590 ($7.37) target price on the real estate development company’s stock. Peel Hunt’s price target would suggest a potential upside of 22.18% from the company’s current price.
BDEV has been the subject of several other research reports. Deutsche Bank AG restated a “buy” rating and set a GBX 575 ($7.18) price objective on shares of Barratt Developments Plc in a research report on Sunday, July 31st. Liberum Capital restated a “hold” rating and set a GBX 485 ($6.06) price objective on shares of Barratt Developments Plc in a research report on Monday, October 3rd. Credit Suisse Group AG boosted their price objective on shares of Barratt Developments Plc from GBX 464 ($5.80) to GBX 547 ($6.83) and gave the stock a “neutral” rating in a research report on Friday, September 23rd. JPMorgan Chase & Co. reduced their price target on shares of Barratt Developments Plc from GBX 665 ($8.31) to GBX 470 ($5.87) and set a “neutral” rating for the company in a research report on Monday, August 15th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a GBX 609 ($7.61) price target on shares of Barratt Developments Plc in a research report on Wednesday, September 7th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 551.06 ($6.88).
Shares of Barratt Developments Plc (LON:BDEV) opened at 463.60 on Wednesday. Barratt Developments Plc has a 12 month low of GBX 326.00 and a 12 month high of GBX 638.50. The firm’s market cap is GBX 4.65 billion. The stock has a 50 day moving average of GBX 477.05 and a 200 day moving average of GBX 483.16.
The firm also recently disclosed a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be paid a GBX 24.70 ($0.31) dividend. This represents a yield of 5.02%. This is a boost from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date is Thursday, October 27th.
In other news, insider John Allan purchased 11,103 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were bought at an average cost of GBX 453 ($5.66) per share, with a total value of £50,296.59 ($62,839.32). Also, insider David Thomas sold 158,629 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of GBX 471 ($5.88), for a total transaction of £747,142.59 ($933,461.51).
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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