Barratt Developments plc’s (BDEV) Buy Rating Reaffirmed at Deutsche Bank AG
BDEV has been the topic of several other reports. J P Morgan Chase & Co reissued a neutral rating and set a GBX 620 ($8.15) price target on shares of Barratt Developments plc in a research report on Friday, September 29th. Liberum Capital reissued a sell rating and set a GBX 537 ($7.06) price target on shares of Barratt Developments plc in a research report on Wednesday, September 6th. Peel Hunt raised Barratt Developments plc to an add rating and set a GBX 670 ($8.81) price target on the stock in a research report on Wednesday, September 27th. Numis Securities Ltd reissued a hold rating and set a GBX 638 ($8.39) price target on shares of Barratt Developments plc in a research report on Thursday, September 7th. Finally, Beaufort Securities upped their price target on Barratt Developments plc from GBX 650 ($8.55) to GBX 675 ($8.88) and gave the company a buy rating in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 660.29 ($8.68).
Barratt Developments plc (LON BDEV) traded down GBX 17.50 ($0.23) during trading hours on Thursday, reaching GBX 603.50 ($7.94). The company had a trading volume of 7,466,187 shares, compared to its average volume of 5,140,000. Barratt Developments plc has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.28).
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The company also recently announced a dividend, which was paid on Monday, November 20th. Shareholders of record on Thursday, October 26th were paid a GBX 34.40 ($0.45) dividend. The ex-dividend date was Thursday, October 26th. This represents a yield of 5.74%. This is an increase from Barratt Developments plc’s previous dividend of $7.30.
In other news, insider Jessica White sold 4,110 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.13), for a total transaction of £28,523.40 ($37,515.98). Also, insider David Thomas sold 400,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,109,298.96). Insiders sold 440,997 shares of company stock worth $263,319,551 in the last 90 days.
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.
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