Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank AG in a research report issued on Tuesday. They presently have a GBX 575 ($7.18) price objective on the real estate development company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 22.84% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 609 ($7.61) price target on shares of Barratt Developments Plc in a report on Wednesday, September 7th. Jefferies Group upped their price target on Barratt Developments Plc from GBX 601 ($7.51) to GBX 603 ($7.53) and gave the stock a “buy” rating in a report on Thursday, September 8th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 370 ($4.62) price target on shares of Barratt Developments Plc in a report on Wednesday, July 13th. Shore Capital reaffirmed a “hold” rating on shares of Barratt Developments Plc in a report on Wednesday, July 13th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 640 ($8.00) price target on shares of Barratt Developments Plc in a report on Wednesday, July 13th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 545.32 ($6.81).
Barratt Developments Plc (LON:BDEV) traded down 1.12% during midday trading on Tuesday, hitting GBX 468.10. The stock had a trading volume of 2,529,234 shares. Barratt Developments Plc has a 12-month low of GBX 326.00 and a 12-month high of GBX 638.50. The firm has a 50-day moving average of GBX 473.85 and a 200-day moving average of GBX 481.06. The company’s market cap is GBX 4.69 billion.
The business also recently declared a dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, October 27th were given a GBX 24.70 ($0.31) dividend. The ex-dividend date was Thursday, October 27th. This is a positive change from Barratt Developments Plc’s previous dividend of $6.00. This represents a dividend yield of 5.02%.
In related news, insider John Allan purchased 20,000 shares of the company’s stock in a transaction dated Friday, October 21st. The stock was acquired at an average cost of GBX 484 ($6.05) per share, for a total transaction of £96,800 ($120,939.53). Also, insider Jock Fyfe Lennox purchased 10,000 shares of the company’s stock in a transaction dated Thursday, November 24th. The stock was bought at an average price of GBX 472 ($5.90) per share, with a total value of £47,200 ($58,970.51).