Barratt Developments plc (LON:BDEV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Barratt Developments plc (LON:BDEV) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 514.63 ($6.41).

BDEV has been the topic of several research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 488 ($6.07) price objective on shares of Barratt Developments in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upgraded Barratt Developments to an “overweight” rating and lifted their price target for the company from GBX 370 ($4.61) to GBX 560 ($6.97) in a research report on Friday, April 12th. Finally, Citigroup upgraded Barratt Developments to a “buy” rating and set a GBX 615 ($7.66) price objective for the company in a report on Friday, February 9th.

Barratt Developments Price Performance

Shares of LON BDEV opened at GBX 441.50 ($5.50) on Friday. Barratt Developments has a 1 year low of GBX 384.15 ($4.78) and a 1 year high of GBX 582.60 ($7.25). The stock has a market capitalization of £4.30 billion, a P/E ratio of 2,006.82, a P/E/G ratio of -1.65 and a beta of 1.56. The company’s 50-day moving average is GBX 470.11 and its 200 day moving average is GBX 486.89. The company has a debt-to-equity ratio of 4.52, a current ratio of 4.92 and a quick ratio of 0.93.

Barratt Developments Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 11th will be given a dividend of GBX 4.40 ($0.05) per share. This represents a yield of 0.83%. The ex-dividend date is Thursday, April 11th. Barratt Developments’s dividend payout ratio (DPR) is presently 12,727.27%.

Barratt Developments Company Profile

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.