Deutsche Bank AG reissued their buy rating on shares of Barratt Developments Plc (LON:BDEV) in a research report sent to investors on Monday. They currently have a GBX 575 ($7.51) price objective on the real estate development company’s stock.
BDEV has been the subject of a number of other research reports. Liberum Capital reissued a hold rating and set a GBX 485 ($6.33) target price on shares of Barratt Developments Plc in a report on Monday. Credit Suisse Group AG increased their target price on Barratt Developments Plc from GBX 464 ($6.06) to GBX 547 ($7.14) and gave the company a neutral rating in a report on Friday, September 23rd. Peel Hunt reissued a hold rating and set a GBX 640 ($8.35) target price on shares of Barratt Developments Plc in a report on Wednesday, July 13th. JPMorgan Chase & Co. reduced their target price on Barratt Developments Plc from GBX 665 ($8.68) to GBX 470 ($6.13) and set a neutral rating for the company in a report on Monday, August 15th. Finally, Jefferies Group reduced their target price on Barratt Developments Plc from GBX 807 ($10.53) to GBX 601 ($7.84) and set a buy rating for the company in a report on Monday, June 27th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 551.06 ($7.19).
Shares of Barratt Developments Plc (LON:BDEV) traded up 2.99% during midday trading on Monday, reaching GBX 516.00. The company’s stock had a trading volume of 4,542,917 shares. The stock’s 50-day moving average is GBX 483.10 and its 200-day moving average is GBX 498.22. The company’s market capitalization is GBX 5.17 billion. Barratt Developments Plc has a one year low of GBX 326.00 and a one year high of GBX 661.00.
The business also recently disclosed a dividend, which will be paid on Monday, November 21st. Stockholders of record on Thursday, October 27th will be paid a GBX 24.70 ($0.32) dividend. This is a boost from Barratt Developments Plc’s previous dividend of $6.00. This represents a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, October 27th.
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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