Barratt Developments Plc Rating Reiterated by Davy Research (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “outperform” rating restated by stock analysts at Davy Research in a report issued on Thursday, StockRatingsNetwork reports.
A number of other firms have also recently commented on BDEV. Analysts at Numis Securities Ltd upgraded shares of Barratt Developments Plc to an “add” rating in a research note on Thursday. They now have a GBX 470 ($7.82) price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday. They now have a GBX 425 ($7.07) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 416.26 ($6.92).
Shares of Barratt Developments Plc (LON:BDEV) traded up 3.89% during mid-day trading on Thursday, hitting GBX 427.80. 8,088,222 shares of the company’s stock traded hands. Barratt Developments Plc has a 1-year low of GBX 230.20 and a 1-year high of GBX 439.50. The stock’s 50-day moving average is GBX 395.3 and its 200-day moving average is GBX 344.8. The company’s market cap is £4.174 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, May 20th. Investors of record on Wednesday, April 16th will be given a dividend of GBX 3.20 ($0.05) per share. This represents a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, April 16th.
Barratt Developments PLC is a holding company. The Company’s principal activities consists of acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.