Barratt Developments (OTCMKTS:BTDPY) Price Target Lowered to GBX 495 at Berenberg Bank

Barratt Developments (OTCMKTS:BTDPY) had its price target reduced by Berenberg Bank from GBX 552 ($6.91) to GBX 495 ($6.19) in a research report released on Tuesday morning, FlyOnTheWall reports.

Several other research firms have also recently weighed in on BTDPY. UBS Group dropped their price objective on shares of Barratt Developments from GBX 545 ($6.82) to GBX 495 ($6.19) in a research report on Friday, July 14th. HSBC lowered shares of Barratt Developments from a buy rating to a hold rating in a research note on Friday, June 23rd. Morgan Stanley reduced their target price on shares of Barratt Developments from GBX 511 ($6.39) to GBX 493 ($6.17) in a research note on Wednesday, August 16th. JPMorgan Chase & Co. reduced their target price on shares of Barratt Developments from GBX 390 ($4.88) to GBX 370 ($4.63) in a research note on Tuesday, July 18th. Finally, Barclays upped their target price on shares of Barratt Developments from GBX 460 ($5.76) to GBX 464 ($5.81) in a research note on Thursday, September 7th.

Barratt Developments Trading Down 2.0 %

OTCMKTS:BTDPY opened at $11.07 on Tuesday. Barratt Developments has a 1 year low of $7.00 and a 1 year high of $13.35. The firm has a 50 day moving average of $11.36 and a 200-day moving average of $11.51.

Barratt Developments Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, September 29th will be issued a $0.5393 dividend. This is a boost from Barratt Developments’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, September 28th.

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 homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.