Barratt Developments (LON:BDEV) Lifted to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Barratt Developments (LON:BDEV - Free Report) to an overweight rating in a report published on Friday, MarketBeat reports. They currently have GBX 560 ($7.09) price objective on the real estate development company's stock, up from their prior price objective of GBX 370 ($4.68).

A number of other research analysts have also issued reports on the stock. Berenberg Bank restated a hold rating and set a GBX 488 ($6.18) target price on shares of Barratt Developments in a research report on Wednesday, February 7th. Citigroup upgraded Barratt Developments to a buy rating and set a GBX 615 ($7.78) price objective on the stock in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of GBX 514.63 ($6.51).

Barratt Developments Stock Performance

Shares of BDEV traded up GBX 7 ($0.09) during midday trading on Friday, reaching GBX 460 ($5.82). 5,192,403 shares of the stock were exchanged, compared to its average volume of 4,467,071. The stock's 50 day simple moving average is GBX 477.24 and its 200 day simple moving average is GBX 486.99. The company has a market cap of £4.48 billion, a P/E ratio of 2,090.91, a PEG ratio of -1.65 and a beta of 1.56. Barratt Developments has a twelve month low of GBX 384.15 ($4.86) and a twelve month high of GBX 582.60 ($7.37). The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52.

Barratt Developments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 11th will be issued a dividend of GBX 4.40 ($0.06) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, April 11th. Barratt Developments's dividend payout ratio (DPR) is 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.