Barratt Developments plc (LON:BDEV) had its target price raised by HSBC Holdings plc from GBX 666 ($8.76) to GBX 774 ($10.18) in a report issued on Friday morning. HSBC Holdings plc currently has a buy rating on the real estate development company’s stock.
Other equities analysts also recently issued research reports about the stock. Liberum Capital reissued a sell rating and issued a GBX 537 ($7.06) price objective on shares of Barratt Developments plc in a report on Wednesday, September 6th. Deutsche Bank AG reissued a buy rating on shares of Barratt Developments plc in a report on Monday, July 17th. Numis Securities Ltd reissued a hold rating and issued a GBX 638 ($8.39) price objective on shares of Barratt Developments plc in a report on Thursday, September 7th. Shore Capital reissued a sell rating on shares of Barratt Developments plc in a report on Tuesday, July 18th. Finally, Beaufort Securities dropped their price objective on shares of Barratt Developments plc from GBX 690 ($9.08) to GBX 650 ($8.55) and set a buy rating on the stock in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Barratt Developments plc presently has an average rating of Hold and a consensus price target of GBX 656.64 ($8.64).
Shares of Barratt Developments plc (LON BDEV) opened at GBX 617 ($8.12) on Friday. Barratt Developments plc has a 1-year low of GBX 450.60 ($5.93) and a 1-year high of GBX 705.50 ($9.28).
The business also recently disclosed a dividend, which will be paid on Monday, November 20th. Stockholders of record on Thursday, October 26th will be given a dividend of GBX 34.40 ($0.45) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 5.74%. This is a boost from Barratt Developments plc’s previous dividend of $7.30.
In other news, insider Jessica White sold 4,110 shares of Barratt Developments plc stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 694 ($9.13), for a total transaction of £28,523.40 ($37,515.98). Also, insider David Thomas sold 400,000 shares of Barratt Developments plc stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of GBX 591 ($7.77), for a total transaction of £2,364,000 ($3,109,298.96). In the last quarter, insiders have sold 440,997 shares of company stock worth $263,319,551.
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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