Barratt Developments Plc (LON:BDEV) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 1-year 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 analysts have issued reports on the stock. Credit Suisse Group upgraded shares of Barratt Developments Plc to an “outperform” rating and boosted their price target for the stock from GBX 578 ($7.60) to GBX 702 ($9.23) in a research note on Friday, October 6th. Deutsche Bank AG reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Tuesday, October 3rd. Liberum Capital reiterated a “sell” rating and set a GBX 537 ($7.06) price target on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Peel Hunt reiterated a “hold” rating and set a GBX 635 ($8.35) price target on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 620 ($8.15) price target on shares of Barratt Developments Plc in a research note on Friday, September 29th.
In other Barratt Developments Plc news, insider David Thomas sold 400,000 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,108,072.57). Also, insider Steven J. Boyes sold 10,000 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of GBX 651 ($8.56), for a total value of £65,100 ($85,590.32). Insiders have sold 436,887 shares of company stock valued at $260,467,211 in the last 90 days.
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Barratt Developments Plc (LON:BDEV) opened at 674.50 on Wednesday. The firm’s 50-day moving average is GBX 618.64 and its 200 day moving average is GBX 596.49. The company’s market capitalization is GBX 6.79 billion. Barratt Developments Plc has a one year low of GBX 430.40 and a one year high of GBX 684.50.
The business also recently declared a dividend, which will be paid on Monday, November 20th. Stockholders of record on Thursday, October 26th will be paid a dividend of GBX 34.40 ($0.45) per share. This represents a dividend yield of 5.74%. The ex-dividend date is Thursday, October 26th. This is a boost from Barratt Developments Plc’s previous dividend of $7.30.
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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