Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued on Tuesday. They presently have a GBX 470 ($6.13) target price on the real estate development company’s stock. Canaccord Genuity’s target price would suggest a potential downside of 8.11% from the stock’s current price.
BDEV has been the topic of a number of other reports. Deutsche Bank AG reissued a “buy” rating and issued a GBX 575 ($7.51) price objective on shares of Barratt Developments Plc in a research report on Sunday, July 31st. Liberum Capital reissued a “hold” rating and issued a GBX 485 ($6.33) price objective on shares of Barratt Developments Plc in a research report on Monday. Credit Suisse Group AG increased their price objective on shares of Barratt Developments Plc from GBX 464 ($6.06) to GBX 547 ($7.14) and gave the company a “neutral” rating in a research report on Friday, September 23rd. Peel Hunt reissued a “hold” rating and issued a GBX 640 ($8.35) price objective on shares of Barratt Developments Plc in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Barratt Developments Plc from GBX 665 ($8.68) to GBX 470 ($6.13) and set a “neutral” rating on the stock in a research report on Monday, August 15th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) opened at 511.50 on Tuesday. The stock’s market cap is GBX 5.13 billion. The firm has a 50-day moving average of GBX 485.92 and a 200-day moving average of GBX 497.32. Barratt Developments Plc has a 12-month low of GBX 326.00 and a 12-month high of GBX 661.00.
The company also recently announced a dividend, which will be paid on Monday, November 21st. Stockholders of record on Thursday, October 27th will be paid a GBX 24.70 ($0.32) dividend. This represents a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, October 27th. 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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