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.
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.
ILLEGAL ACTIVITY WARNING: “Barratt Developments Plc (BDEV) Given Consensus Recommendation of “Hold” by Brokerages” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/11/barratt-developments-plc-bdev-given-consensus-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Barratt Developments Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments Plc and related companies with MarketBeat.com's FREE daily email newsletter.