Barratt Developments Plc (LON:BDEV) had its target price increased by stock analysts at Credit Suisse Group AG from GBX 464 ($6.06) to GBX 547 ($7.14) in a research report issued on Friday. The brokerage currently has a “neutral” rating on the real estate development company’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 12.32% from the company’s current price.
BDEV has been the topic of several other reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 667 ($8.71) price target on shares of Barratt Developments Plc in a research report on Monday, July 11th. Goldman Sachs Group Inc. dropped their price target on Barratt Developments Plc from GBX 807 ($10.53) to GBX 601 ($7.84) and set a ” buy” rating on the stock in a research report on Monday, June 27th. JPMorgan Chase & Co. dropped their price target on 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. Barclays PLC dropped their price target on Barratt Developments Plc from GBX 847.60 ($11.06) to GBX 484.80 ($6.33) and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Shore Capital reissued a “hold” rating on shares of Barratt Developments Plc in a research report on Wednesday, July 13th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 553.29 ($7.22).
Barratt Developments Plc (LON:BDEV) opened at 491.00 on Friday. The stock’s market capitalization is GBX 4.92 billion. The company has a 50-day moving average of GBX 471.30 and a 200-day moving average of GBX 501.61. Barratt Developments Plc has a 52-week low of GBX 326.00 and a 52-week high of GBX 673.50.
The company also recently announced a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be paid a dividend of GBX 24.70 ($0.32) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 5.02%. 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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