Barratt Developments plc (LON:BDEV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Barratt Developments plc (LON:BDEV) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 514.63 ($6.41).

Several equities analysts have recently weighed in on the company. 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. JPMorgan Chase & Co. upgraded shares of Barratt Developments to an “overweight” rating and raised their target price for the company from GBX 370 ($4.61) to GBX 560 ($6.97) in a research note on Friday, April 12th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 488 ($6.07) target price on shares of Barratt Developments in a research note on Wednesday, February 7th.

Barratt Developments Price Performance

BDEV stock opened at GBX 446 ($5.55) on Friday. The stock has a 50-day moving average price of GBX 471.85 and a two-hundred day moving average price of GBX 487.08. The stock has a market cap of £4.35 billion, a PE ratio of 2,027.27, a price-to-earnings-growth ratio of -1.65 and a beta of 1.56. The company has a current ratio of 4.92, a quick ratio of 0.93 and a debt-to-equity ratio of 4.52. Barratt Developments has a 1 year low of GBX 384.15 ($4.78) and a 1 year high of GBX 582.60 ($7.25).

Barratt Developments Cuts Dividend

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