Barratt Developments Plc (LON:BDEV) had its price objective increased by Bank of America Corporation from GBX 460 ($5.94) to GBX 500 ($6.46) in a research report released on Tuesday. The brokerage currently has an underperform rating on the real estate development company’s stock.

A number of other research firms have also recently commented on BDEV. Liberum Capital boosted their price target on shares of Barratt Developments Plc from GBX 532 ($6.87) to GBX 537 ($6.94) and gave the stock a sell rating in a research note on Wednesday, July 19th. Deutsche Bank AG reissued a buy rating on shares of Barratt Developments Plc in a research note on Monday, August 14th. Beaufort Securities cut their price target on shares of Barratt Developments Plc from GBX 690 ($8.91) to GBX 650 ($8.39) and set a buy rating for the company in a research note on Thursday, July 13th. HSBC Holdings plc boosted their price target on shares of Barratt Developments Plc from GBX 598 ($7.72) to GBX 666 ($8.60) and gave the stock a buy rating in a research note on Tuesday, May 16th. Finally, Peel Hunt reissued a hold rating and issued a GBX 635 ($8.20) price target on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 635.50 ($8.21).

Barratt Developments Plc (LON:BDEV) opened at 598.00 on Tuesday. The company’s market cap is GBX 6.01 billion. Barratt Developments Plc has a 52 week low of GBX 430.40 and a 52 week high of GBX 629.50. The company has a 50-day moving average of GBX 609.49 and a 200 day moving average of GBX 582.58.

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The company also recently declared a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be issued a dividend of GBX 34.40 ($0.44) per share. This is a positive change from Barratt Developments Plc’s previous dividend of $7.30. This represents a yield of 5.74%. The ex-dividend date of this dividend is Thursday, October 26th.

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.

Analyst Recommendations for Barratt Developments Plc (LON:BDEV)

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