Barratt Developments Plc (BDEV) Receives Hold Rating from Canaccord Genuity
Canaccord Genuity reissued their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a research report sent to investors on Tuesday. The brokerage currently has a GBX 470 ($6.13) target price on the real estate development company’s stock.
Several other research firms also recently weighed in on BDEV. Deutsche Bank AG reiterated a buy rating on shares of Barratt Developments Plc in a report on Monday, June 6th. HSBC dropped their target price on shares of Barratt Developments Plc from GBX 700 ($9.14) to GBX 690 ($9.01) and set a buy rating for the company in a report on Thursday, June 23rd. Numis Securities Ltd reiterated an add rating and issued a GBX 609 ($7.95) target price on shares of Barratt Developments Plc in a report on Wednesday, September 7th. Credit Suisse Group AG reiterated a neutral rating and issued a GBX 464 ($6.06) target price on shares of Barratt Developments Plc in a report on Friday, September 9th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 485 ($6.33) target price on shares of Barratt Developments Plc in a report on Monday. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) traded down 0.29% during trading on Tuesday, hitting GBX 511.50. The company had a trading volume of 2,102,236 shares. The firm’s 50 day moving average is GBX 483.90 and its 200-day moving average is GBX 497.74. The stock’s market capitalization is GBX 5.13 billion. Barratt Developments Plc has a 52-week low of GBX 326.00 and a 52-week high of GBX 661.00.
The firm also recently disclosed a dividend, which will be paid on Monday, November 21st. Shareholders of record on Thursday, October 27th will be paid a GBX 24.70 ($0.32) dividend. The ex-dividend date is Thursday, October 27th. This is a positive change from Barratt Developments Plc’s previous dividend of $6.00. This represents a yield of 5.02%.
About Barratt Developments Plc
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.
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