Liberum Capital reaffirmed their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a research report sent to investors on Monday morning. They currently have a GBX 485 ($6.33) target price on the real estate development company’s stock.
A number of other brokerages also recently issued reports on BDEV. Deutsche Bank AG reissued a buy rating on shares of Barratt Developments Plc in a report on Monday, June 6th. HSBC lowered their price target on shares of Barratt Developments Plc from GBX 700 ($9.14) to GBX 690 ($9.01) and set a buy rating on the stock in a report on Thursday, June 23rd. Numis Securities Ltd reaffirmed an add rating and issued a GBX 609 ($7.95) target price on shares of Barratt Developments Plc in a research note on Wednesday, September 7th. Credit Suisse Group AG reaffirmed a neutral rating and issued a GBX 464 ($6.06) target price on shares of Barratt Developments Plc in a research note on Friday, September 9th. Finally, Canaccord Genuity raised their target price on shares of Barratt Developments Plc from GBX 370 ($4.83) to GBX 470 ($6.13) and gave the company a hold rating in a research note on Thursday, September 8th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) traded up 2.9236% during midday trading on Monday, hitting GBX 515.6471. 4,795,877 shares of the stock were exchanged. The company’s 50 day moving average is GBX 483.10 and its 200-day moving average is GBX 498.22. The stock’s market cap is GBX 5.17 billion. Barratt Developments Plc has a 1-year low of GBX 326.00 and a 1-year high of GBX 661.00.
The business also recently declared a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be issued a GBX 24.70 ($0.32) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 5.02%. This is a boost from Barratt Developments Plc’s previous dividend of $6.00.
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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