Barratt Developments plc (LON:BDEV – Get Rating) has earned a consensus rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 777.33 ($10.11).
BDEV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Barratt Developments in a research note on Tuesday, February 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barratt Developments in a research report on Friday, March 25th. JPMorgan Chase & Co. dropped their price target on Barratt Developments from GBX 870 ($11.32) to GBX 710 ($9.24) and set a “neutral” rating on the stock in a report on Friday, March 25th. Liberum Capital restated a “buy” rating and issued a GBX 740 ($9.63) target price on shares of Barratt Developments in a research note on Monday, March 14th. Finally, Barclays restated an “equal weight” rating and issued a GBX 760 ($9.89) target price on shares of Barratt Developments in a research note on Thursday, February 10th.
In other Barratt Developments news, insider Katie Bickerstaffe bought 308 shares of Barratt Developments stock in a transaction that occurred on Thursday, February 10th. The stock was acquired at an average cost of GBX 641 ($8.34) per share, for a total transaction of £1,974.28 ($2,568.67).
The firm also recently announced a dividend, which will be paid on Wednesday, May 18th. Investors of record on Thursday, April 7th will be given a dividend of GBX 11.20 ($0.15) per share. This represents a yield of 1.79%. The ex-dividend date of this dividend is Thursday, April 7th. Barratt Developments’s payout ratio is 0.46%.
Barratt Developments Company Profile (Get Rating)
Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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