Barratt Developments Plc (LON:BDEV) has earned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 668.85 ($9.24).
A number of research firms recently commented on BDEV. Deutsche Bank upped their price objective on Barratt Developments from GBX 768 ($10.61) to GBX 785 ($10.85) and gave the company a “buy” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. upped their price objective on Barratt Developments from GBX 620 ($8.57) to GBX 650 ($8.98) and gave the company a “neutral” rating in a research report on Thursday, December 14th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research report on Wednesday, November 15th. Barclays reduced their price objective on Barratt Developments from GBX 710 ($9.81) to GBX 658 ($9.09) and set an “overweight” rating for the company in a research report on Monday, February 5th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 702 ($9.70) price objective on shares of Barratt Developments in a research report on Friday, February 9th.
In related news, insider John Allan purchased 9,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was acquired at an average price of GBX 538 ($7.43) per share, with a total value of £48,420 ($66,896.93).
The business also recently declared a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 19th will be issued a dividend of GBX 8.60 ($0.12) per share. This represents a yield of 1.57%. The ex-dividend date is Thursday, April 19th.
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About Barratt Developments
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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