Credit Suisse Group reissued their outperform rating on shares of Barratt Developments Plc (LON:BDEV) in a research report report published on Thursday morning. The firm currently has a GBX 702 ($9.26) price objective on the real estate development company’s stock.
Other equities research analysts have also issued reports about the stock. Peel Hunt upgraded shares of Barratt Developments Plc to an add rating and set a GBX 670 ($8.84) target price on the stock in a research report on Wednesday, September 27th. Deutsche Bank AG restated a buy rating and set a GBX 703 ($9.28) target price on shares of Barratt Developments Plc in a research report on Monday, July 3rd. Beaufort Securities decreased their price objective on shares of Barratt Developments Plc from GBX 690 ($9.11) to GBX 650 ($8.58) and set a buy rating on the stock in a research report on Thursday, July 13th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 675 ($8.91) price objective on shares of Barratt Developments Plc in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 649.07 ($8.57).
Shares of Barratt Developments Plc (LON:BDEV) traded down 1.87% during midday trading on Thursday, hitting GBX 656.50. 6,945,714 shares of the stock were exchanged. Barratt Developments Plc has a 12-month low of GBX 433.00 and a 12-month high of GBX 705.50. The firm has a 50-day moving average price of GBX 637.11 and a 200 day moving average price of GBX 605.28. The firm’s market cap is GBX 6.61 billion.
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The company also recently announced a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be paid a GBX 34.40 ($0.45) dividend. This is an increase from Barratt Developments Plc’s previous dividend of $7.30. The ex-dividend date is Thursday, October 26th. This represents a yield of 5.74%.
In related news, insider David Thomas sold 400,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.80), for a total value of £2,364,000 ($3,119,556.61). Also, insider Jessica White sold 4,110 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.16), for a total transaction of £28,523.40 ($37,639.75). Insiders sold a total of 440,997 shares of company stock valued at $263,319,551 in the last three months.
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.
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