Shares of Barratt Developments plc (LON:BDEV – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 514.63 ($6.41).
BDEV has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Barratt Developments to an “overweight” rating and increased their target price for the company from GBX 370 ($4.61) to GBX 560 ($6.97) in a research note on Friday, April 12th. Citigroup upgraded Barratt Developments to a “buy” rating and set a GBX 615 ($7.66) target price for the company in a research note on Friday, February 9th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 488 ($6.07) target price on shares of Barratt Developments in a research note on Wednesday, February 7th.
View Our Latest Stock Analysis on Barratt Developments
Barratt Developments Stock Performance
Barratt Developments Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 11th will be paid a dividend of GBX 4.40 ($0.05) per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 0.83%. Barratt Developments’s dividend payout ratio (DPR) 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.
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