Barratt Developments Plc (BDEV) Given Consensus Rating of “Hold” by Analysts
Shares of Barratt Developments Plc (LON:BDEV) have earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 545.32 ($6.81).
BDEV has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 575 ($7.18) price target on shares of Barratt Developments Plc in a report on Tuesday, August 30th. Credit Suisse Group AG restated a “neutral” rating and issued a GBX 464 ($5.80) price target on shares of Barratt Developments Plc in a report on Friday, September 9th. Peel Hunt cut their price target on shares of Barratt Developments Plc from GBX 640 ($8.00) to GBX 590 ($7.37) and set a “hold” rating on the stock in a report on Thursday, September 8th. Liberum Capital upped their price target on shares of Barratt Developments Plc from GBX 350 ($4.37) to GBX 485 ($6.06) and gave the stock a “hold” rating in a report on Friday, September 23rd. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 609 ($7.61) price target on shares of Barratt Developments Plc in a report on Wednesday, September 7th.
In other Barratt Developments Plc news, insider John Allan purchased 20,000 shares of Barratt Developments Plc stock in a transaction on Friday, October 21st. The stock was bought at an average cost of GBX 484 ($6.05) per share, with a total value of £96,800 ($120,939.53). Also, insider David Thomas sold 158,629 shares of the firm’s 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).
Barratt Developments Plc (LON:BDEV) opened at 488.90 on Tuesday. The stock’s market capitalization is GBX 4.90 billion. Barratt Developments Plc has a one year low of GBX 326.00 and a one year high of GBX 638.50. The firm has a 50-day moving average of GBX 476.88 and a 200 day moving average of GBX 482.43.
The business also recently disclosed 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 positive change from Barratt Developments Plc’s previous dividend of $6.00. This represents a dividend yield of 5.02%. The ex-dividend date 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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