Barratt Developments plc (LON:BDEV) has been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 743.67 ($9.72).

A number of research firms have recently commented on BDEV. UBS Group dropped their price target on shares of Barratt Developments from GBX 840 ($10.97) to GBX 810 ($10.58) and set a “buy” rating on the stock in a research report on Thursday, March 18th. Liberum Capital raised shares of Barratt Developments to a “buy” rating and lifted their price target for the company from GBX 690 ($9.01) to GBX 735 ($9.60) in a research report on Friday, February 5th. Jefferies Financial Group downgraded shares of Barratt Developments to a “hold” rating and set a GBX 787 ($10.28) price objective on the stock. in a research note on Monday, February 8th. Barclays raised their price objective on shares of Barratt Developments from GBX 725 ($9.47) to GBX 760 ($9.93) and gave the stock an “equal weight” rating in a research note on Monday, February 8th. Finally, JPMorgan Chase & Co. downgraded shares of Barratt Developments to a “neutral” rating and raised their price objective for the stock from GBX 800 ($10.45) to GBX 850 ($11.11) in a research note on Monday, March 29th.

Shares of LON:BDEV traded down GBX 16.60 ($0.22) during trading on Tuesday, reaching GBX 755.40 ($9.87). The stock had a trading volume of 3,500,367 shares, compared to its average volume of 2,846,773. Barratt Developments has a 52 week low of GBX 428.10 ($5.59) and a 52 week high of GBX 889.55 ($11.62). The firm has a market capitalization of £7.69 billion and a price-to-earnings ratio of 19.12. The company has a quick ratio of 1.07, a current ratio of 4.40 and a debt-to-equity ratio of 4.70. The stock has a fifty day simple moving average of GBX 772.86 and a two-hundred day simple moving average of GBX 678.12.

The firm also recently declared a dividend, which will be paid on Monday, May 10th. Shareholders of record on Thursday, April 15th will be paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend is Thursday, April 15th. This represents a yield of 1.11%.

About Barratt Developments

Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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