Deutsche Bank Boosts Barratt Developments (BDEV) Price Target to GBX 785
Barratt Developments (LON:BDEV) had its price objective upped by Deutsche Bank from GBX 768 ($10.29) to GBX 785 ($10.51) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the real estate development company’s stock.
Other equities research analysts have also issued research reports about the stock. Liberum Capital reaffirmed a sell rating and set a GBX 537 ($7.19) price target on shares of Barratt Developments in a research report on Wednesday, September 6th. Numis Securities reissued a hold rating and issued a GBX 638 ($8.54) target price on shares of Barratt Developments in a report on Thursday, September 7th. Peel Hunt raised shares of Barratt Developments to an add rating and set a GBX 670 ($8.97) target price for the company in a report on Wednesday, September 27th. Shore Capital reissued a sell rating on shares of Barratt Developments in a report on Wednesday, November 15th. Finally, J P Morgan Chase & Co reissued a neutral rating on shares of Barratt Developments in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 661.50 ($8.86).
Shares of Barratt Developments (LON:BDEV) opened at GBX 601 ($8.05) on Thursday. Barratt Developments has a 52-week low of GBX 6.26 ($0.08) and a 52-week high of GBX 705.50 ($9.45).
The firm also recently disclosed a dividend, which was paid on Monday, November 20th. Stockholders of record on Thursday, October 26th were given a GBX 34.40 ($0.46) dividend. The ex-dividend date was Thursday, October 26th. This is a boost from Barratt Developments’s previous dividend of $7.30. This represents a dividend yield of 5.74%.
In other Barratt Developments news, insider David Thomas sold 400,000 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of GBX 591 ($7.91), for a total value of £2,364,000 ($3,165,930.09). Also, insider Jessica White sold 4,110 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.29), for a total value of £28,523.40 ($38,199.28). Insiders sold 440,997 shares of company stock valued at $263,319,551 over the last 90 days.
WARNING: “Deutsche Bank Boosts Barratt Developments (BDEV) Price Target to GBX 785” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/deutsche-bank-boosts-barratt-developments-bdev-price-target-to-gbx-785/1741090.html.
Barratt Developments 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.
Receive News & Ratings for Barratt Developments plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments plc and related companies with Analyst Ratings Network's FREE daily email newsletter.