Barratt Developments Plc (BDEV) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Barratt Developments Plc (LON:BDEV) have received an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 643.85 ($8.46).
A number of equities research analysts have recently weighed in on the company. Liberum Capital reaffirmed a “sell” rating and set a GBX 537 ($7.06) price target on shares of Barratt Developments Plc in a report on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Barratt Developments Plc in a report on Monday, August 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 620 ($8.15) price target on shares of Barratt Developments Plc in a report on Friday, September 29th. Barclays PLC lifted their price target on Barratt Developments Plc from GBX 629 ($8.27) to GBX 712 ($9.36) and gave the company an “overweight” rating in a report on Thursday, July 13th. Finally, Peel Hunt raised Barratt Developments Plc to an “add” rating and set a GBX 670 ($8.81) price target on the stock in a report on Wednesday, September 27th.
In other Barratt Developments Plc news, insider David Thomas sold 26,887 shares of Barratt Developments Plc stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of GBX 653 ($8.59), for a total transaction of £175,572.11 ($230,833.70). Also, insider Steven J. Boyes sold 10,000 shares of Barratt Developments Plc 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). Over the last quarter, insiders have sold 436,887 shares of company stock worth $260,467,211.
Barratt Developments Plc (LON:BDEV) traded up 0.30% during mid-day trading on Wednesday, reaching GBX 669.50. The company’s stock had a trading volume of 3,866,791 shares. The stock’s 50-day moving average is GBX 614.86 and its 200-day moving average is GBX 594.64. Barratt Developments Plc has a 12 month low of GBX 430.40 and a 12 month high of GBX 672.50. The firm’s market capitalization is GBX 6.74 billion.
The company also recently disclosed a dividend, which will be paid on Monday, November 20th. Shareholders of record on Thursday, October 26th will be given a dividend of GBX 34.40 ($0.45) per share. This represents a yield of 5.74%. This is a boost from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date is Thursday, October 26th.
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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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