Liberum Capital Reaffirms Hold Rating for Barratt Developments Plc (BDEV)
Liberum Capital restated their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a report released on Monday. Liberum Capital currently has a GBX 485 ($6.33) price target on the real estate development company’s stock.
Other analysts have also recently issued reports about the stock. Canaccord Genuity reiterated a hold rating and issued a GBX 370 ($4.83) target price on shares of Barratt Developments Plc in a research note on Wednesday, July 13th. Deutsche Bank AG reiterated a buy rating on shares of Barratt Developments Plc in a research note on Monday, June 6th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 470 ($6.13) target price on shares of Barratt Developments Plc in a research note on Thursday, September 8th. Barclays PLC reduced their target price on shares of Barratt Developments Plc from GBX 847.60 ($11.06) to GBX 484.80 ($6.33) and set an overweight rating for the company in a research note on Thursday, July 7th. Finally, Shore Capital reiterated a hold rating on shares of Barratt Developments Plc in a research note on Wednesday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 551.06 ($7.19).
Barratt Developments Plc (LON:BDEV) opened at 509.00 on Monday. The firm’s 50-day moving average is GBX 485.92 and its 200 day moving average is GBX 497.32. The firm’s market capitalization is GBX 5.10 billion. Barratt Developments Plc has a one year low of GBX 326.00 and a one year high of GBX 661.00.
The company also recently announced a dividend, which will be paid on Monday, November 21st. Stockholders of record on Thursday, October 27th will be issued a GBX 24.70 ($0.32) dividend. This is a positive change from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date is Thursday, October 27th. This represents a dividend 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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