Shares of Barratt Developments Plc (LON:BDEV) have been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the company. Eleven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 545.32 ($7.12).
A number of research firms recently commented on BDEV. Canaccord Genuity reiterated a “hold” rating and issued a GBX 370 ($4.83) price target on shares of Barratt Developments Plc in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 470 ($6.13) price target on shares of Barratt Developments Plc in a research note on Thursday, September 8th. Barclays PLC decreased their price target on Barratt Developments Plc from GBX 847.60 ($11.06) to GBX 484.80 ($6.33) and set an “overweight” rating for the company in a research note on Thursday, July 7th. Shore Capital reiterated a “hold” rating on shares of Barratt Developments Plc in a research note on Wednesday, July 13th. Finally, Jefferies Group lifted their price target on Barratt Developments Plc from GBX 601 ($7.84) to GBX 603 ($7.87) and gave the stock a “buy” rating in a research note on Thursday, September 8th.
Barratt Developments Plc (LON:BDEV) traded down 1.86% during mid-day trading on Monday, reaching GBX 470.80. The company’s stock had a trading volume of 8,036,904 shares. The firm’s market capitalization is GBX 4.72 billion. The stock’s 50-day moving average is GBX 488.48 and its 200-day moving average is GBX 497.25. Barratt Developments Plc has a 12 month low of GBX 326.00 and a 12 month high of GBX 653.50.
The company also recently announced a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be issued a dividend of GBX 24.70 ($0.32) per share. This is a boost from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date is Thursday, October 27th. This represents a yield of 5.02%.
About Barratt Developments Plc
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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