Barratt Developments plc’s (BDEV) Sell Rating Reaffirmed at Liberum Capital
Liberum Capital restated their sell rating on shares of Barratt Developments plc (LON:BDEV) in a research report released on Tuesday morning, StockTargetPrices.com reports. Liberum Capital currently has a GBX 537 ($7.06) price objective on the real estate development company’s stock.
Several other equities research analysts have also recently issued reports on BDEV. Deutsche Bank AG restated a buy rating and set a GBX 768 ($10.10) price objective on shares of Barratt Developments plc in a report on Thursday, November 16th. Peel Hunt restated an add rating and set a GBX 670 ($8.81) price objective on shares of Barratt Developments plc in a report on Wednesday, November 15th. Shore Capital restated a sell rating on shares of Barratt Developments plc in a report on Wednesday, November 15th. J P Morgan Chase & Co restated a neutral rating and set a GBX 620 ($8.15) price objective on shares of Barratt Developments plc in a report on Friday, September 29th. Finally, raised their price objective on Barratt Developments plc from GBX 666 ($8.76) to GBX 774 ($10.18) and gave the stock a buy rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 660.29 ($8.68).
Shares of Barratt Developments plc (BDEV) opened at GBX 600.50 ($7.90) on Tuesday. Barratt Developments plc has a fifty-two week low of GBX 6.26 ($0.08) and a fifty-two week high of GBX 705.50 ($9.28).
The company also recently announced a dividend, which was paid on Monday, November 20th. Investors of record on Thursday, October 26th were issued a GBX 34.40 ($0.45) dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a yield of 5.74%. This is a boost from Barratt Developments plc’s previous dividend of $7.30.
In other Barratt Developments plc news, insider David Thomas sold 400,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.77), for a total transaction of £2,364,000 ($3,109,298.96). Also, insider Jessica White sold 4,110 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of GBX 694 ($9.13), for a total value of £28,523.40 ($37,515.98). Insiders sold 440,997 shares of company stock worth $263,319,551 in the last quarter.
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Barratt Developments plc Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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