Analysts Set Barratt Developments plc (LON:BDEV) Price Target at GBX 514.63

Shares of Barratt Developments plc (LON:BDEV - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 514.63 ($6.51).

BDEV has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Barratt Developments to an "overweight" rating and lifted their target price for the stock from GBX 370 ($4.68) to GBX 560 ($7.09) in a report on Friday. Citigroup raised shares of Barratt Developments to a "buy" rating and set a GBX 615 ($7.78) price objective for the company in a report on Friday, February 9th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 488 ($6.18) price objective on shares of Barratt Developments in a report on Wednesday, February 7th.

Barratt Developments Stock Performance

Shares of BDEV stock traded up GBX 7 ($0.09) during midday trading on Friday, hitting GBX 460 ($5.82). 4,175,924 shares of the company were exchanged, compared to its average volume of 4,467,071. The firm has a market capitalization of £4.48 billion, a P/E ratio of 2,090.91, a PEG ratio of -1.65 and a beta of 1.56. The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.92. The firm's 50 day moving average price is GBX 475.85 and its two-hundred day moving average price is GBX 487.01. Barratt Developments has a 52 week low of GBX 384.15 ($4.86) and a 52 week high of GBX 582.60 ($7.37).

Barratt Developments Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 11th will be given a GBX 4.40 ($0.06) dividend. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, April 11th. Barratt Developments's payout ratio is presently 12,727.27%.

About Barratt Developments

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.