Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research note issued to investors on Monday. They presently have a GBX 575 ($7.51) price objective on the real estate development company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 12.09% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group Inc. lowered their price objective on shares of Barratt Developments Plc from GBX 807 ($10.53) to GBX 601 ($7.84) and set a ” buy” rating for the company in a research report on Monday, June 27th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 609 ($7.95) price target on shares of Barratt Developments Plc in a research report on Wednesday, September 7th. Jefferies Group upped their price target on shares of Barratt Developments Plc from GBX 601 ($7.84) to GBX 603 ($7.87) and gave the stock a “buy” rating in a research report on Thursday, September 8th. 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 for the company in a research report on Thursday, June 23rd. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 370 ($4.83) price target on shares of Barratt Developments Plc in a research report on Wednesday, July 13th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 551.06 ($7.19).
Shares of Barratt Developments Plc (LON:BDEV) opened at 513.00 on Monday. The company’s market cap is GBX 5.14 billion. Barratt Developments Plc has a 12 month low of GBX 326.00 and a 12 month high of GBX 661.00. The company’s 50 day moving average is GBX 483.90 and its 200 day moving average is GBX 497.74.
The business also recently declared a dividend, which will be paid on Monday, November 21st. Shareholders of record on Thursday, October 27th will be paid a dividend of GBX 24.70 ($0.32) 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%.
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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