Barratt Developments plc (BDEV) Receives Average Rating of “Hold” from Analysts

Shares of Barratt Developments plc (LON:BDEV) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 664.69 ($8.90).

Several equities research analysts have recently weighed in on BDEV shares. Deutsche Bank reissued a “buy” rating and issued a GBX 717 ($9.60) price objective on shares of Barratt Developments in a report on Tuesday, August 29th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 702 ($9.40) price objective on shares of Barratt Developments in a report on Thursday, October 26th. Liberum Capital reissued a “sell” rating and issued a GBX 537 ($7.19) price objective on shares of Barratt Developments in a report on Tuesday, November 21st. Bank of America increased their price objective on Barratt Developments from GBX 460 ($6.16) to GBX 500 ($6.70) and gave the company an “underperform” rating in a report on Tuesday, September 12th. Finally, Shore Capital reissued a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 8th.

In other Barratt Developments news, insider David Thomas sold 26,887 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of GBX 653 ($8.75), for a total value of £175,572.11 ($235,130.72). Also, insider Jessica White sold 4,110 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.29), for a total value of £28,523.40 ($38,199.28). In the last three months, insiders sold 440,997 shares of company stock valued at $263,319,551.

Barratt Developments (BDEV) traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 606 ($8.12). The stock had a trading volume of 6,206,558 shares, compared to its average volume of 5,800,000. Barratt Developments has a 1-year low of GBX 6.26 ($0.08) and a 1-year high of GBX 705.50 ($9.45).

The business also recently declared a dividend, which was paid on Monday, November 20th. Investors of record on Thursday, October 26th were issued a dividend of GBX 34.40 ($0.46) per share. The ex-dividend date of this dividend was Thursday, October 26th. This is an increase from Barratt Developments’s previous dividend of $7.30. This represents a dividend yield of 5.74%.

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Barratt Developments 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.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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