Barratt Developments plc (BDEV) Earns Buy Rating from Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Barratt Developments plc (LON:BDEV) in a report released on Thursday morning.

BDEV has been the topic of a number of other reports. Credit Suisse Group reissued an outperform rating and set a GBX 702 ($9.23) price objective on shares of Barratt Developments in a research report on Thursday, October 26th. Liberum Capital reissued a sell rating and set a GBX 537 ($7.06) price objective on shares of Barratt Developments in a research report on Tuesday, November 21st. Bank of America Corporation boosted their price objective on shares of Barratt Developments from GBX 460 ($6.05) to GBX 500 ($6.58) and gave the company an underperform rating in a research report on Tuesday, September 12th. Shore Capital reissued a sell rating on shares of Barratt Developments in a research report on Wednesday, November 8th. Finally, Beaufort Securities boosted their price objective on shares of Barratt Developments from GBX 650 ($8.55) to GBX 675 ($8.88) and gave the company a buy rating in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 660.29 ($8.68).

Barratt Developments (BDEV) opened at GBX 600.50 ($7.90) on Thursday. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.28).

The firm also recently announced a dividend, which was paid on Monday, November 20th. Stockholders of record on Thursday, October 26th were given a GBX 34.40 ($0.45) dividend. 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%.

In other news, insider David Thomas sold 400,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.77), for a total value of £2,364,000 ($3,109,298.96). Also, insider Jessica White sold 4,110 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.13), for a total transaction of £28,523.40 ($37,515.98). Insiders sold a total of 440,997 shares of company stock worth $263,319,551 over the last ninety days.

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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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