Barratt Developments (BDEV) Earns Buy Rating from Peel Hunt

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Peel Hunt restated their buy rating on shares of Barratt Developments (LON:BDEV) in a research report sent to investors on Wednesday.

A number of other analysts have also recently issued reports on BDEV. JPMorgan Chase & Co. increased their target price on Barratt Developments from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the stock an overweight rating in a research note on Thursday, July 12th. UBS Group reissued a buy rating on shares of Barratt Developments in a research note on Friday, October 12th. Shore Capital reissued an under review rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Liberum Capital reissued a hold rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Finally, Canaccord Genuity raised their price target on shares of Barratt Developments from GBX 665 ($8.69) to GBX 670 ($8.75) and gave the stock a buy rating in a research note on Friday, July 13th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 677.08 ($8.85).

LON BDEV opened at GBX 491.60 ($6.42) on Wednesday. Barratt Developments has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.22).

The firm also recently declared a dividend, which will be paid on Tuesday, November 6th. Stockholders of record on Thursday, October 11th will be paid a dividend of GBX 35.20 ($0.46) per share. This is a boost from Barratt Developments’s previous dividend of $8.60. This represents a dividend yield of 6.46%. The ex-dividend date is Thursday, October 11th.

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, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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