Barratt Developments (BDEV) Receives GBX 673.33 Average Price Target from Brokerages

Barratt Developments (LON:BDEV) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 673.33 ($9.45).

Several equities analysts have recently issued reports on BDEV shares. Morgan Stanley reissued an “overweight” rating on shares of Barratt Developments in a research note on Wednesday, March 28th. Liberum Capital reissued a “sell” rating and set a GBX 575 ($8.07) target price on shares of Barratt Developments in a research note on Tuesday, March 6th. Deutsche Bank boosted their target price on Barratt Developments from GBX 785 ($11.02) to GBX 789 ($11.08) and gave the company a “buy” rating in a research note on Thursday, February 22nd. Canaccord Genuity reissued a “buy” rating and set a GBX 710 ($9.97) target price on shares of Barratt Developments in a research note on Wednesday, February 21st. Finally, JPMorgan Chase reissued a “neutral” rating on shares of Barratt Developments in a research note on Wednesday, February 21st.

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In other news, insider John Allan purchased 9,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average cost of GBX 538 ($7.55) per share, for a total transaction of £48,420 ($67,967.43).

Shares of Barratt Developments stock opened at GBX 549.80 ($7.72) on Wednesday. Barratt Developments has a one year low of GBX 6.26 ($0.09) and a one year high of GBX 705.50 ($9.90).

The company also recently declared a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, April 19th will be given a dividend of GBX 8.60 ($0.12) per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a dividend yield of 1.57%.

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Barratt Developments Company Profile

Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, such as apartments, penthouses, and communities; and develops and sells homes. The company provides homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

Analyst Recommendations for Barratt Developments (LON:BDEV)

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