Shares of Barratt Developments plc (LON:BDEV – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 514.63 ($6.41).
A number of equities analysts have issued reports on BDEV shares. Citigroup upgraded Barratt Developments to a “buy” rating and set a GBX 615 ($7.66) price target for the company in a research note 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 research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised Barratt Developments to an “overweight” rating and increased their price target for the company from GBX 370 ($4.61) to GBX 560 ($6.97) in a research report on Friday, April 12th.
Read Our Latest Report on BDEV
Barratt Developments Trading Down 1.1 %
Barratt Developments Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 11th will be issued a dividend of GBX 4.40 ($0.05) per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 0.83%. Barratt Developments’s dividend payout ratio (DPR) is currently 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.
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