Peel Hunt upgraded shares of Barratt Developments Plc (LON:BDEV) to an add rating in a research report report published on Wednesday. They currently have GBX 670 ($9.01) price target on the real estate development company’s stock.

Other research analysts have also issued reports about the stock. Deutsche Bank AG reiterated a buy rating on shares of Barratt Developments Plc in a research note on Monday, July 17th. Liberum Capital restated a sell rating and set a GBX 537 ($7.22) price objective on shares of Barratt Developments Plc in a research note on Wednesday, September 6th. Shore Capital restated a sell rating on shares of Barratt Developments Plc in a research note on Wednesday, July 12th. Numis Securities Ltd restated a hold rating and set a GBX 638 ($8.58) price objective on shares of Barratt Developments Plc in a research note on Thursday, September 7th. Finally, Beaufort Securities reduced their price objective on shares of Barratt Developments Plc from GBX 690 ($9.28) to GBX 650 ($8.74) and set a buy rating for the company in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 638 ($8.58).

Barratt Developments Plc (BDEV) opened at 614.50 on Wednesday. Barratt Developments Plc has a 12-month low of GBX 430.40 and a 12-month high of GBX 629.50. The stock’s market capitalization is GBX 6.19 billion. The company’s 50-day moving average is GBX 606.43 and its 200 day moving average is GBX 584.58.

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The business also recently declared a dividend, which will be paid on Monday, November 20th. Stockholders of record on Thursday, October 26th will be issued a dividend of GBX 34.40 ($0.46) per share. This represents a dividend yield of 5.74%. The ex-dividend date is Thursday, October 26th. This is an increase from Barratt Developments Plc’s previous dividend of $7.30.

In other news, insider David Thomas sold 400,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.95), for a total transaction of £2,364,000 ($3,179,128.56).

About Barratt Developments Plc

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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