Shares of Barratt Developments Plc (LON:BDEV) have earned an average recommendation of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 652.10 ($8.52).
BDEV has been the topic of a number of recent analyst reports. Peel Hunt reissued an “add” rating on shares of Barratt Developments in a research note on Friday, January 4th. Bank of America raised Barratt Developments to a “neutral” rating and boosted their price objective for the stock from GBX 470 ($6.14) to GBX 535 ($6.99) in a research note on Friday, January 11th. Redburn Partners reissued a “buy” rating on shares of Barratt Developments in a research note on Thursday, January 24th. Berenberg Bank reduced their price objective on Barratt Developments from GBX 670 ($8.75) to GBX 650 ($8.49) and set a “buy” rating on the stock in a research note on Monday, January 28th. Finally, Shore Capital reissued a “buy” rating on shares of Barratt Developments in a research note on Wednesday, February 6th.
LON BDEV traded up GBX 0.80 ($0.01) during trading on Monday, hitting GBX 618.80 ($8.09). The company’s stock had a trading volume of 2,796,529 shares, compared to its average volume of 4,890,000. The company has a quick ratio of 0.51, a current ratio of 3.79 and a debt-to-equity ratio of 4.39. The company has a market cap of $6.27 billion and a P/E ratio of 8.67. Barratt Developments has a 52 week low of GBX 430 ($5.62) and a 52 week high of GBX 627.80 ($8.20).
The company also recently declared a dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, April 11th will be issued a dividend of GBX 9.60 ($0.13) per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.71%. Barratt Developments’s payout ratio is currently 0.39%.
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 residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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