Barratt Developments plc (OTCMKTS:BTDPY) Given Average Rating of “Buy” by Brokerages

Barratt Developments plc (OTCMKTS:BTDPY) has been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $22.00.

A number of brokerages have recently issued reports on BTDPY. Jefferies Financial Group raised Barratt Developments from a “hold” rating to a “buy” rating in a report on Friday, July 2nd. Morgan Stanley reissued an “overweight” rating on shares of Barratt Developments in a report on Monday, June 14th. Bank of America raised Barratt Developments from a “neutral” rating to a “buy” rating in a report on Thursday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Barratt Developments in a report on Thursday, July 15th. Finally, Zacks Investment Research raised Barratt Developments from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, July 14th.

Shares of OTCMKTS:BTDPY traded down $0.70 during midday trading on Friday, reaching $19.05. 27,943 shares of the company’s stock traded hands, compared to its average volume of 9,274. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 9.77 and a beta of 1.47. Barratt Developments has a one year low of $11.00 and a one year high of $23.86. The stock has a 50 day moving average of $19.90 and a 200 day moving average of $20.83.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 24th. Shareholders of record on Friday, October 1st will be given a $0.556 dividend. This is a boost from Barratt Developments’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, September 30th. Barratt Developments’s dividend payout ratio is presently 9.74%.

Barratt Developments Company Profile

Barratt Developments Plc engages in the business of developing residential and non-residential properties mainly in the United Kingdom. It operates through the Housebuilding and Commercial Developments segments. The company was founded by Lawrence Arthur Barratt in 1958 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Barratt Developments (OTCMKTS:BTDPY)

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