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

JPMorgan Chase & Co. upgraded shares of Barratt Developments (LON:BDEV) to an overweight rating in a research note published on Friday morning, Marketbeat reports. The firm currently has GBX 560 ($6.97) target price on the real estate development company’s stock, up from their previous target price of GBX 370 ($4.61).

Several other brokerages also recently commented on BDEV. Citigroup raised Barratt Developments to a buy rating and set a GBX 615 ($7.66) target price on the stock in a report on Friday, February 9th. Berenberg Bank reaffirmed a hold rating and set a GBX 488 ($6.07) target price on shares of Barratt Developments in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of GBX 514.63 ($6.41).

Barratt Developments Trading Down 0.4 %

Shares of BDEV opened at GBX 458.30 ($5.71) on Friday. The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.92. Barratt Developments has a 52-week low of GBX 384.15 ($4.78) and a 52-week high of GBX 582.60 ($7.25). The firm has a market cap of £4.47 billion, a price-to-earnings ratio of 2,083.18, a PEG ratio of -1.65 and a beta of 1.56. The business’s fifty day moving average is GBX 474.60 and its 200-day moving average is GBX 487.32.

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 paid a GBX 4.40 ($0.05) dividend. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, April 11th. Barratt Developments’s dividend payout ratio 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.