Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating reiterated by analysts at Liberum Capital in a research report issued on Monday. They currently have a GBX 485 ($6.33) target price on the real estate development company’s stock. Liberum Capital’s target price would indicate a potential downside of 5.46% from the stock’s previous close.
BDEV has been the topic of several other research reports. HSBC dropped their price target on shares of Barratt Developments Plc from GBX 700 ($9.14) to GBX 690 ($9.01) and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Barclays PLC dropped their price target on shares of 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 note on Thursday, July 7th. Deutsche Bank AG restated a “buy” rating and issued a GBX 575 ($7.51) price target (down previously from GBX 667 ($8.71)) on shares of Barratt Developments Plc in a research note on Monday, July 25th. Shore Capital restated a “hold” rating on shares of Barratt Developments Plc in a research note on Wednesday, July 13th. Finally, Canaccord Genuity raised their price target on shares of Barratt Developments Plc from GBX 370 ($4.83) to GBX 470 ($6.13) and gave the company a “hold” rating in a research note on Thursday, September 8th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Barratt Developments Plc presently has an average rating of “Hold” and a consensus price target of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) opened at 510.10 on Monday. The company’s 50 day moving average price is GBX 483.90 and its 200 day moving average price is GBX 497.74. Barratt Developments Plc has a 12 month low of GBX 326.00 and a 12 month high of GBX 661.00. The firm’s market capitalization is GBX 5.11 billion.
The business also recently disclosed a dividend, which will be paid on Monday, November 21st. Stockholders of record on Thursday, October 27th will be issued a GBX 24.70 ($0.32) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This is a boost from Barratt Developments Plc’s previous dividend of $6.00. This represents a dividend yield of 5.02%.
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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