Barratt Developments Plc’s (LON:BDEV) Buy Rating Reiterated at Deutsche Bank AG
Several other research analysts have also recently commented on BDEV. Liberum Capital reaffirmed a sell rating and set a GBX 532 ($6.99) price objective on shares of Barratt Developments Plc in a research report on Friday, June 9th. Jefferies Group LLC raised their price objective on shares of Barratt Developments Plc from GBX 706 ($9.28) to GBX 735 ($9.66) and gave the company a buy rating in a research report on Monday, June 26th. Shore Capital reiterated a sell rating on shares of Barratt Developments Plc in a report on Wednesday, July 12th. Peel Hunt reiterated a hold rating and set a GBX 625 ($8.22) price target on shares of Barratt Developments Plc in a report on Wednesday, July 12th. Finally, Canaccord Genuity restated a buy rating and issued a GBX 675 ($8.87) price objective on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Barratt Developments Plc currently has a consensus rating of Hold and an average target price of GBX 649.07 ($8.53).
Barratt Developments Plc (LON BDEV) traded up 1.41% during midday trading on Tuesday, reaching GBX 681.00. 5,796,033 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 618.38 and its 200-day moving average price is GBX 595.78. Barratt Developments Plc has a 1-year low of GBX 430.40 and a 1-year high of GBX 682.00. The company’s market capitalization is GBX 6.86 billion.
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The firm also recently disclosed a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be given a GBX 34.40 ($0.45) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This is a positive change from Barratt Developments Plc’s previous dividend of $7.30. This represents a dividend yield of 5.74%.
In other news, insider Steven J. Boyes sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 651 ($8.56), for a total transaction of £65,100 ($85,590.32). Also, insider David Thomas sold 26,887 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of GBX 653 ($8.59), for a total value of £175,572.11 ($230,833.70). Insiders sold a total of 436,887 shares of company stock valued at $260,467,211 over the last quarter.
Barratt Developments Plc Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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