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

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

A number of other equities research analysts have also recently commented on BDEV. Citigroup raised shares of Barratt Developments to a buy rating and set a GBX 615 ($7.73) target price for the company in a report on Friday, February 9th. Berenberg Bank reaffirmed a hold rating and set a GBX 488 ($6.13) price objective on shares of Barratt Developments in a research note 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 company. According to data from MarketBeat.com, Barratt Developments presently has a consensus rating of Moderate Buy and a consensus target price of GBX 514.63 ($6.46).

Barratt Developments Stock Performance

LON BDEV opened at GBX 467.83 ($5.88) on Friday. The company has a fifty day moving average of GBX 465.94 and a two-hundred day moving average of GBX 490.41. The company has a market capitalization of £4.56 billion, a PE ratio of 2,175.91, a P/E/G ratio of -1.65 and a beta of 1.56. Barratt Developments has a 1 year low of GBX 384.15 ($4.83) and a 1 year high of GBX 582.60 ($7.32). The company has a debt-to-equity ratio of 4.52, a current ratio of 4.92 and a quick ratio of 0.93.

Barratt Developments Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 0.83%. Barratt Developments’s dividend payout ratio (DPR) is presently 12,727.27%.

About Barratt Developments

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.