Barratt Developments Plc (BDEV) Receives Buy Rating from Beaufort Securities
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reiterated by equities research analysts at Beaufort Securities in a research note issued to investors on Thursday.
Other equities research analysts have also recently issued research reports about the stock. Numis Securities Ltd reiterated an “add” rating and set a GBX 609 ($7.61) target price on shares of Barratt Developments Plc in a research report on Wednesday, September 7th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 575 ($7.18) target price on shares of Barratt Developments Plc in a research report on Monday, September 5th. Finally, Jefferies Group increased their target price on shares of Barratt Developments Plc from GBX 601 ($7.51) to GBX 603 ($7.53) and gave the stock a “buy” rating in a research report on Thursday, September 8th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock 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 478.40 on Thursday. The stock’s market cap is GBX 4.79 billion. Barratt Developments Plc has a 12 month low of GBX 326.00 and a 12 month high of GBX 638.50. The company has a 50 day moving average of GBX 476.85 and a 200 day moving average of GBX 482.71.
The company also recently disclosed a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be paid a dividend of GBX 24.70 ($0.31) per share. 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. This represents a yield of 5.02%.
In other news, insider John Allan acquired 11,103 shares of Barratt Developments Plc stock in a transaction that occurred on Monday, October 31st. The shares were acquired at an average price 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 Barratt Developments Plc stock in a transaction that occurred on 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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