Brokerages Set Barratt Developments (BDEV) PT at $673.33

Shares of Barratt Developments (LON:BDEV) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 673.33 ($9.45).

Several brokerages recently issued reports on BDEV. JPMorgan Chase reissued a “neutral” rating and set a GBX 650 ($9.12) price target on shares of Barratt Developments in a report on Monday, January 8th. Liberum Capital lifted their price target on shares of Barratt Developments from GBX 537 ($7.54) to GBX 575 ($8.07) and gave the company a “sell” rating in a report on Wednesday, January 3rd. Deutsche Bank reissued a “buy” rating and set a GBX 785 ($11.02) price target on shares of Barratt Developments in a report on Monday, December 18th. Peel Hunt downgraded shares of Barratt Developments to a “hold” rating and set a GBX 670 ($9.40) price target for the company. in a report on Thursday, January 11th. Finally, Shore Capital reissued a “sell” rating on shares of Barratt Developments in a report on Thursday, January 11th.

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In related news, insider John Allan acquired 9,000 shares of the stock in a transaction on Monday, March 5th. The stock was purchased at an average price of GBX 538 ($7.55) per share, for a total transaction of £48,420 ($67,967.43).

Shares of BDEV stock opened at GBX 547.87 ($7.69) on Wednesday. Barratt Developments has a 12-month low of GBX 6.26 ($0.09) and a 12-month high of GBX 705.50 ($9.90).

The business also recently disclosed a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 19th will be given a GBX 8.60 ($0.12) dividend. This represents a yield of 1.57%. The ex-dividend date is Thursday, April 19th.

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Barratt Developments Company Profile

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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