JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Barratt Developments (LON:BDEV)

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Barratt Developments (LON:BDEV) in a report released on Friday morning, Marketbeat Ratings reports.

Several other analysts have also commented on BDEV. Citigroup upgraded shares of Barratt Developments to a buy rating and set a GBX 615 ($7.73) price objective for the company in a report on Friday, February 9th. Berenberg Bank restated a hold rating and set a GBX 488 ($6.13) price target on shares of Barratt Developments in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of GBX 514.63 ($6.46).

Barratt Developments Stock Up 4.0 %

Shares of Barratt Developments stock opened at GBX 478.70 ($6.01) on Friday. The company has a current ratio of 4.92, a quick ratio of 0.93 and a debt-to-equity ratio of 4.52. Barratt Developments has a 12-month low of GBX 384.15 ($4.83) and a 12-month high of GBX 582.60 ($7.32). The company has a market cap of £4.67 billion, a P/E ratio of 2,175.91, a PEG ratio of -1.65 and a beta of 1.56. The company’s fifty day simple moving average is GBX 465.94 and its two-hundred day simple moving average is GBX 489.33.

Barratt Developments Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 11th will be issued a GBX 4.40 ($0.06) dividend. This represents a 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.