Citigroup Reaffirms “Buy” Rating for Barratt Developments (BDEV)

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Citigroup reiterated their buy rating on shares of Barratt Developments (LON:BDEV) in a research note published on Friday morning.

BDEV has been the topic of several other reports. Shore Capital restated a hold rating on shares of Barratt Developments in a research note on Wednesday, October 17th. Liberum Capital restated a buy rating on shares of Barratt Developments in a research note on Wednesday, February 6th. Peel Hunt cut Barratt Developments to an add rating in a research note on Monday, December 10th. Redburn Partners reiterated a buy rating on shares of Barratt Developments in a research note on Thursday, January 24th. Finally, Bank of America upgraded Barratt Developments to a neutral rating and lifted their target price for the stock from GBX 470 ($6.14) to GBX 535 ($6.99) in a research note on Friday, January 11th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 640.83 ($8.37).

Shares of LON:BDEV opened at GBX 563 ($7.36) on Friday. Barratt Developments has a 1-year low of GBX 6.26 ($0.08) and a 1-year high of GBX 705.50 ($9.22).

Barratt Developments (LON:BDEV) last issued its quarterly earnings data on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) earnings per share for the quarter.

The firm also recently announced a dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, April 11th will be paid a dividend of GBX 9.60 ($0.13) per share. This represents a dividend yield of 1.71%. The ex-dividend date is Thursday, April 11th.

In other Barratt Developments news, insider Jessica White bought 10,000 shares of the stock in a transaction dated Monday, December 17th. The shares were bought at an average cost of GBX 437 ($5.71) per share, for a total transaction of £43,700 ($57,101.79).

About Barratt Developments

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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