Barratt Developments (BDEV) Earns Buy Rating from UBS Group

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UBS Group reissued their buy rating on shares of Barratt Developments (LON:BDEV) in a research report sent to investors on Monday, investing.thisismoney.co.uk reports.

Several other equities research analysts have also commented on BDEV. Peel Hunt lowered shares of Barratt Developments to an add rating in a report on Monday, December 10th. Shore Capital reaffirmed a buy rating on shares of Barratt Developments in a report on Wednesday, February 6th. Berenberg Bank lowered their price target on shares of Barratt Developments from GBX 670 ($8.75) to GBX 650 ($8.49) and set a buy rating on the stock in a report on Monday, January 28th. Redburn Partners reaffirmed a buy rating on shares of Barratt Developments in a report on Thursday, January 24th. Finally, Liberum Capital raised shares of Barratt Developments to a buy rating in a report on Thursday, December 6th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Barratt Developments currently has an average rating of Buy and a consensus price target of GBX 642.08 ($8.39).

LON BDEV opened at GBX 565.40 ($7.39) on Monday. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.22).

Barratt Developments (LON:BDEV) last released its earnings results on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) earnings per share (EPS) for the quarter.

The company also recently announced a dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, April 11th will be paid a dividend of GBX 9.60 ($0.13) per share. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 11th.

In other news, insider Jessica White bought 10,000 shares of the stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of GBX 437 ($5.71) per share, with a total value of £43,700 ($57,101.79).

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, including apartments, penthouses, and communities; and develops and sells homes. The company offers 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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