Barratt Developments (BDEV) Price Target Raised to GBX 678

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Barratt Developments (LON:BDEV) had its target price raised by Barclays from GBX 658 ($8.57) to GBX 678 ($8.83) in a research report released on Wednesday. The firm currently has an overweight rating on the real estate development company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Numis Securities reiterated a buy rating and issued a GBX 667 ($8.69) price objective on shares of Barratt Developments in a report on Thursday, September 6th. Deutsche Bank reiterated a buy rating and issued a GBX 792 ($10.32) price objective on shares of Barratt Developments in a report on Thursday, September 6th. Canaccord Genuity reiterated a buy rating and issued a GBX 670 ($8.73) price objective on shares of Barratt Developments in a report on Wednesday, September 5th. Peel Hunt restated a buy rating on shares of Barratt Developments in a report on Wednesday, September 5th. Finally, Liberum Capital restated a hold rating on shares of Barratt Developments in a report on Wednesday, September 5th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 677.08 ($8.82).

Shares of LON:BDEV opened at GBX 556.40 ($7.25) on Wednesday. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.19).

The company also recently declared a dividend, which will be paid on Tuesday, November 6th. Shareholders of record on Thursday, October 11th will be issued a dividend of GBX 35.20 ($0.46) per share. This represents a yield of 6.46%. This is a boost from Barratt Developments’s previous dividend of $8.60. The ex-dividend date of this dividend is Thursday, October 11th.

In other news, insider Richard Akers purchased 10,000 shares of the firm’s stock in a transaction on Thursday, July 19th. The stock was bought at an average cost of GBX 525 ($6.84) per share, for a total transaction of £52,500 ($68,386.09).

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.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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