Barratt Developments plc (LON:BDEV - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 669.60 ($8.46) and last traded at GBX 477.90 ($6.04), with a volume of 1787695 shares. The stock had previously closed at GBX 475.40 ($6.01).
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Berenberg Bank reissued a "hold" rating and set a GBX 488 ($6.17) target price on shares of Barratt Developments in a report on Wednesday, February 7th. Citigroup raised shares of Barratt Developments to a "buy" rating and set a GBX 615 ($7.77) price objective on the stock in a report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 490.88 ($6.20).
Check Out Our Latest Analysis on BDEV
Barratt Developments Stock Performance
The company has a current ratio of 4.92, a quick ratio of 0.93 and a debt-to-equity ratio of 4.52. The company's 50-day moving average price is GBX 492.06 and its two-hundred day moving average price is GBX 486.13. The company has a market cap of £4.64 billion, a P/E ratio of 2,078.26, a price-to-earnings-growth ratio of -1.65 and a beta of 1.56.
Barratt Developments Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 4.40 ($0.06) per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 0.83%. Barratt Developments's dividend payout ratio (DPR) is 12,173.91%.
Barratt Developments Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Barratt Developments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barratt Developments wasn't on the list.
While Barratt Developments currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
