Barratt Developments’ (LON:BDEV) Hold Rating Reaffirmed at Shore Capital

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Shore Capital restated their hold rating on shares of Barratt Developments (LON:BDEV) in a research report released on Wednesday, October 17th.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity reiterated a buy rating and issued a GBX 670 ($8.75) target price on shares of Barratt Developments in a report on Wednesday, September 5th. Peel Hunt reiterated a buy rating on shares of Barratt Developments in a report on Wednesday, September 5th. Citigroup restated a buy rating and issued a GBX 634 ($8.28) price objective (up previously from GBX 530 ($6.93)) on shares of Barratt Developments in a report on Wednesday, August 29th. Berenberg Bank assumed coverage on Barratt Developments in a report on Wednesday, July 25th. They issued a buy rating and a GBX 670 ($8.75) price objective on the stock. Finally, UBS Group restated a buy rating and issued a GBX 665 ($8.69) price objective (up previously from GBX 650 ($8.49)) on shares of Barratt Developments in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Barratt Developments has a consensus rating of Buy and a consensus target price of GBX 677.08 ($8.85).

LON BDEV traded down GBX 1 ($0.01) on Wednesday, hitting GBX 544 ($7.11). 3,590,375 shares of the company were exchanged, compared to its average volume of 4,890,000. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.22).

The firm also recently disclosed a dividend, which was paid on Tuesday, November 6th. Stockholders of record on Thursday, October 11th were given a GBX 35.20 ($0.46) dividend. This represents a dividend yield of 6.46%. This is a boost from Barratt Developments’s previous dividend of $8.60. The ex-dividend date of this dividend was Thursday, October 11th.

In other news, insider David Thomas sold 89,287 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of GBX 497 ($6.49), for a total value of £443,756.39 ($579,846.32).

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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