Barratt Developments’ (BDEV) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Barratt Developments (LON:BDEV) in a report released on Wednesday morning.

Other research analysts also recently issued research reports about the stock. Numis Securities raised shares of Barratt Developments to a buy rating and set a GBX 667 ($8.72) price objective for the company in a research note on Thursday, July 12th. Shore Capital reaffirmed an under review rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Liberum Capital reaffirmed a hold rating on shares of Barratt Developments in a research note on Wednesday, July 11th. Canaccord Genuity upped their price objective on shares of Barratt Developments from GBX 665 ($8.69) to GBX 670 ($8.75) and gave the company a buy rating in a research note on Friday, July 13th. Finally, Berenberg Bank assumed coverage on shares of Barratt Developments in a research note on Wednesday, July 25th. They set a buy rating and a GBX 670 ($8.75) price objective for the company. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 677.08 ($8.85).

Shares of LON BDEV traded down GBX 49.50 ($0.65) on Wednesday, reaching GBX 487.80 ($6.37). 10,024,610 shares of the company traded hands, compared to its average volume of 4,890,000. Barratt Developments has a fifty-two week low of GBX 6.26 ($0.08) and a fifty-two week high of GBX 705.50 ($9.22).

The firm also recently announced a dividend, which will be paid on Tuesday, November 6th. Investors of record on Thursday, October 11th will be given a dividend of GBX 35.20 ($0.46) per share. This represents a yield of 6.46%. The ex-dividend date of this dividend is Thursday, October 11th. This is an increase from Barratt Developments’s previous dividend of $8.60.

In other Barratt Developments news, insider Richard Akers bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was purchased at an average price of GBX 525 ($6.86) per share, with a total value of £52,500 ($68,600.55).

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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Analyst Recommendations for Barratt Developments (LON:BDEV)

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