JPMorgan Chase & Co. upgraded shares of Barratt Developments (LON:BDEV – Free Report) to an overweight rating in a research report sent to investors on Friday, Marketbeat.com reports. JPMorgan Chase & Co. currently has GBX 560 ($6.97) price target on the real estate development company’s stock, up from their prior price target of GBX 370 ($4.61).
Several other research analysts have also weighed in on the stock. Berenberg Bank reissued a hold rating and set a GBX 488 ($6.07) price objective on shares of Barratt Developments in a report on Wednesday, February 7th. Citigroup raised shares of Barratt Developments to a buy rating and set a GBX 615 ($7.66) target price for the company in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Barratt Developments presently has a consensus rating of Moderate Buy and an average price target of GBX 514.63 ($6.41).
Check Out Our Latest Stock Analysis on BDEV
Barratt Developments Stock Down 0.4 %
Barratt Developments Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 11th will be issued a GBX 4.40 ($0.05) dividend. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, April 11th. Barratt Developments’s payout ratio is 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.
See Also
- Five stocks we like better than Barratt Developments
- What is Insider Trading? What You Can Learn from Insider Trading
- The Charles Schwab Company Can Hit New Highs
- Stock Average Calculator
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
- What is the Shanghai Stock Exchange Composite Index?
- 3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
Receive News & Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related companies with MarketBeat.com's FREE daily email newsletter.