Barratt Developments’ (BDEV) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Barratt Developments (LON:BDEV) in a research report sent to investors on Friday morning, MarketBeat reports.

BDEV has been the subject of several other research reports. Berenberg Bank reaffirmed a hold rating and set a GBX 488 ($6.13) price target on shares of Barratt Developments in a research note on Wednesday, February 7th. Citigroup raised shares of Barratt Developments to a buy rating and set a GBX 615 ($7.73) price objective for the company in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 514.63 ($6.47).

Barratt Developments Price Performance

BDEV stock opened at GBX 478.70 ($6.01) on Friday. 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 capitalization of £4.67 billion, a PE ratio of 2,175.91, a P/E/G ratio of -1.65 and a beta of 1.56. The company has a current ratio of 4.92, a quick ratio of 0.93 and a debt-to-equity ratio of 4.52. The business’s fifty day moving average price is GBX 465.97 and its 200 day moving average price is GBX 491.01.

Barratt Developments Cuts Dividend

The company 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 ($0.06) per share. The ex-dividend date is Thursday, April 11th. This represents a yield of 0.83%. Barratt Developments’s payout ratio 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.