Barratt Developments Plc (BDEV) Receives Average Recommendation of “Hold” from Analysts
Barratt Developments Plc (LON:BDEV) has earned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 635.50 ($8.21).
A number of brokerages have commented on BDEV. Bank of America Corporation raised their price objective on Barratt Developments Plc from GBX 460 ($5.94) to GBX 500 ($6.46) and gave the stock an “underperform” rating in a research report on Tuesday. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 638 ($8.24) price objective on shares of Barratt Developments Plc in a research report on Thursday, September 7th. Beaufort Securities raised their price objective on Barratt Developments Plc from GBX 650 ($8.39) to GBX 675 ($8.72) and gave the stock a “buy” rating in a research report on Thursday, September 7th. Peel Hunt reiterated a “hold” rating and issued a GBX 635 ($8.20) price objective on shares of Barratt Developments Plc in a research report on Wednesday, September 6th. Finally, Liberum Capital restated a “sell” rating and set a GBX 537 ($6.94) target price on shares of Barratt Developments Plc in a research report on Wednesday, September 6th.
Barratt Developments Plc (LON:BDEV) traded up 0.17% during midday trading on Friday, hitting GBX 583.50. The company had a trading volume of 5,504,720 shares. The company’s market cap is GBX 5.87 billion. The company’s 50 day moving average is GBX 607.89 and its 200-day moving average is GBX 582.72. Barratt Developments Plc has a one year low of GBX 430.40 and a one year high of GBX 630.78.
The firm also recently disclosed a dividend, which will be paid on Monday, November 20th. Shareholders of record on Thursday, October 26th will be given a GBX 34.40 ($0.44) dividend. This is an increase from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date is Thursday, October 26th. This represents a yield of 5.74%.
About Barratt Developments Plc
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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