Barratt Developments (BDEV) Stock Rating Reaffirmed by Berenberg Bank

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Berenberg Bank reissued their buy rating on shares of Barratt Developments (LON:BDEV) in a report released on Friday. They currently have a GBX 650 ($8.49) price target on the real estate development company’s stock.

A number of other equities research analysts have also recently commented on BDEV. UBS Group reissued a buy rating on shares of Barratt Developments in a research note on Monday. Liberum Capital lowered shares of Barratt Developments to a hold rating and increased their price objective for the stock from GBX 500 ($6.53) to GBX 540 ($7.06) in a report on Monday. Peel Hunt restated an add rating on shares of Barratt Developments in a report on Friday, January 4th. Shore Capital upgraded shares of Barratt Developments to a buy rating in a report on Thursday, December 13th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 570 ($7.45) price objective on shares of Barratt Developments in a research report on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 642.08 ($8.39).

BDEV traded up GBX 11.20 ($0.15) during trading on Friday, hitting GBX 574.20 ($7.50). The stock had a trading volume of 4,208,900 shares, compared to its average volume of 4,890,000. Barratt Developments has a twelve month low of GBX 6.26 ($0.08) and a twelve month high of GBX 705.50 ($9.22).

Barratt Developments (LON:BDEV) last announced its quarterly earnings data on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) earnings per share (EPS) for the quarter.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, April 11th will be given a GBX 9.60 ($0.13) dividend. This represents a yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 11th.

In other news, insider Jessica White acquired 10,000 shares of the stock in a transaction on Monday, December 17th. The stock was bought at an average price of GBX 437 ($5.71) per share, with a total value of £43,700 ($57,101.79).

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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