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, 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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