Shares of Barratt Developments Plc (LON:BDEV) have been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 643.85 ($8.46).

Several research analysts have recently weighed in on BDEV shares. Peel Hunt upgraded Barratt Developments Plc to an “add” rating and set a GBX 670 ($8.81) target price on the stock in a report on Wednesday, September 27th. Deutsche Bank AG restated a “buy” rating and set a GBX 703 ($9.24) target price on shares of Barratt Developments Plc in a report on Monday, July 3rd. Jefferies Group LLC boosted their target price on Barratt Developments Plc from GBX 706 ($9.28) to GBX 735 ($9.66) and gave the stock a “buy” rating in a report on Monday, June 26th. Beaufort Securities lowered their target price on Barratt Developments Plc from GBX 690 ($9.07) to GBX 650 ($8.55) and set a “buy” rating on the stock in a report on Thursday, July 13th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 675 ($8.87) target price on shares of Barratt Developments Plc in a report on Wednesday, July 12th.

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In other Barratt Developments Plc news, insider Steven J. Boyes sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 651 ($8.56), for a total value of £65,100 ($85,590.32). Also, insider David Thomas sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,108,072.57). In the last three months, insiders sold 436,887 shares of company stock worth $260,467,211.

Shares of Barratt Developments Plc (LON BDEV) opened at 681.00 on Wednesday. The firm’s 50-day moving average price is GBX 618.38 and its 200-day moving average price is GBX 595.78. Barratt Developments Plc has a 12 month low of GBX 430.40 and a 12 month high of GBX 682.00. The stock’s market capitalization is GBX 6.86 billion.

The company also recently announced a dividend, which will be paid on Monday, November 20th. Shareholders of record on Thursday, October 26th will be given a GBX 34.40 ($0.45) dividend. This is a positive change from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 5.74%.

Barratt Developments Plc Company Profile

Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.

Analyst Recommendations for Barratt Developments Plc (LON:BDEV)

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