Barratt Developments Plc (BDEV) Stock Rating Reaffirmed by Deutsche Bank AG

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Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research note issued to investors on Saturday, StockTargetPrices.com reports. They currently have a GBX 575 ($7.66) target price on the real estate development company’s stock. Deutsche Bank AG’s price objective points to a potential upside of 21.46% from the stock’s current price.
A number of other research analysts have also commented on the stock. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 464 ($6.18) price target on shares of Barratt Developments Plc in a research note on Friday, September 9th. Canaccord Genuity upped their price target on shares of Barratt Developments Plc from GBX 370 ($4.93) to GBX 470 ($6.26) and gave the company a “hold” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 470 ($6.26) price target on shares of Barratt Developments Plc in a research note on Thursday, September 8th. Peel Hunt decreased their price target on shares of Barratt Developments Plc from GBX 640 ($8.52) to GBX 590 ($7.86) and set a “hold” rating on the stock in a research note on Thursday, September 8th. Finally, Jefferies Group upped their price target on shares of Barratt Developments Plc from GBX 601 ($8.00) to GBX 603 ($8.03) and gave the company a “buy” rating in a research note on Thursday, September 8th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 546.91 ($7.28).
Barratt Developments Plc (LON:BDEV) opened at 473.40 on Friday. Barratt Developments Plc has a 1-year low of GBX 326.00 and a 1-year high of GBX 673.50. The company’s market cap is GBX 4.74 billion. The stock has a 50 day moving average of GBX 465.62 and a 200-day moving average of GBX 504.73.

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The business also recently disclosed a dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, October 27th will be paid a GBX 24.70 ($0.33) dividend. This is an increase from Barratt Developments Plc’s previous dividend of $6.00. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 5.02%.
Barratt Developments Plc Company Profile
Barratt Developments PLC is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.

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