Barratt Developments Plc (BDEV) Rating Reiterated by Shore Capital

Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating reissued by stock analysts at Shore Capital in a report released on Wednesday, May 10th.

A number of other equities research analysts have also weighed in on BDEV. Deutsche Bank AG lifted their price objective on Barratt Developments Plc from GBX 672 ($8.67) to GBX 678 ($8.75) and gave the stock a “buy” rating in a research report on Monday, February 27th. Peel Hunt lifted their price objective on Barratt Developments Plc from GBX 550 ($7.10) to GBX 565 ($7.29) and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments Plc in a research report on Thursday, February 23rd. Beaufort Securities restated a “buy” rating on shares of Barratt Developments Plc in a research report on Thursday, February 23rd. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 547 ($7.06) price target on shares of Barratt Developments Plc in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Barratt Developments Plc currently has an average rating of “Hold” and a consensus price target of GBX 579.57 ($7.48).

Analyst Recommendations for Barratt Developments Plc (LON:BDEV)

Barratt Developments Plc (LON:BDEV) opened at 610.00 on Wednesday. The stock has a 50 day moving average of GBX 581.40 and a 200 day moving average of GBX 515.40. The company’s market cap is GBX 6.13 billion. Barratt Developments Plc has a 52 week low of GBX 326.00 and a 52 week high of GBX 624.50.

The firm also recently declared a dividend, which was paid on Friday, May 19th. Stockholders of record on Thursday, April 20th were paid a GBX 7.30 ($0.09) dividend. This represents a dividend yield of 1.39%. The ex-dividend date was Thursday, April 20th.

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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.

12 Month Chart for LON:BDEV

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