Barratt Developments (BDEV) Price Target Raised to GBX 785 at Deutsche Bank

Barratt Developments (LON:BDEV) had its price objective boosted by Deutsche Bank from GBX 768 ($10.29) to GBX 785 ($10.51) in a research note released on Thursday morning. Deutsche Bank currently has a buy rating on the real estate development company’s stock.

A number of other research analysts have also commented on the company. Liberum Capital reissued a sell rating and set a GBX 537 ($7.19) price objective on shares of Barratt Developments in a report on Tuesday, November 21st. J P Morgan Chase & Co reissued a neutral rating on shares of Barratt Developments in a report on Thursday, November 16th. Peel Hunt reissued an add rating and set a GBX 670 ($8.97) price objective on shares of Barratt Developments in a report on Wednesday, November 15th. Shore Capital reissued a sell rating on shares of Barratt Developments in a report on Wednesday, November 15th. Finally, increased their price objective on Barratt Developments from GBX 666 ($8.92) to GBX 774 ($10.37) and gave the company a buy rating in a report on Friday, November 10th. Three equities 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’s stock. The stock currently has an average rating of Hold and an average price target of GBX 661.50 ($8.86).

Barratt Developments (LON:BDEV) opened at GBX 607.50 ($8.14) on Thursday. Barratt Developments has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.45).

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

In related news, insider Jessica White sold 4,110 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.29), for a total transaction of £28,523.40 ($38,199.28). Also, insider Steven J. Boyes sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of GBX 651 ($8.72), for a total value of £65,100 ($87,183.61). Insiders sold a total of 440,997 shares of company stock valued at $263,319,551 in the last quarter.

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About Barratt Developments

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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