Liberum Capital reissued their hold rating on shares of Barratt Developments (LON:BDEV) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts have also issued reports on the stock. Berenberg Bank reaffirmed a buy rating on shares of Barratt Developments in a report on Thursday, September 26th. Citigroup reaffirmed a buy rating on shares of Barratt Developments in a report on Friday, September 6th. UBS Group reaffirmed a buy rating and set a GBX 650 ($8.49) price objective on shares of Barratt Developments in a report on Friday, October 11th. Shore Capital reaffirmed a sell rating on shares of Barratt Developments in a report on Wednesday. Finally, Jefferies Financial Group reaffirmed a hold rating and set a GBX 696 ($9.09) price objective on shares of Barratt Developments in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 659.82 ($8.62).
Shares of BDEV opened at GBX 674.20 ($8.81) on Wednesday. The company has a debt-to-equity ratio of 4.11, a current ratio of 3.56 and a quick ratio of 0.69. Barratt Developments has a 1 year low of GBX 430 ($5.62) and a 1 year high of GBX 702.80 ($9.18). The company has a 50 day simple moving average of GBX 637.71 and a two-hundred day simple moving average of GBX 611.17. The firm has a market cap of $6.85 billion and a P/E ratio of 9.33.
The firm also recently announced a dividend, which will be paid on Tuesday, November 5th. Investors of record on Thursday, October 10th will be issued a GBX 36.80 ($0.48) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from Barratt Developments’s previous dividend of $9.60. This represents a dividend yield of 6.14%. Barratt Developments’s dividend payout ratio (DPR) is 0.40%.
In related news, insider Steven J. Boyes sold 23,910 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 670 ($8.75), for a total value of £160,197 ($209,325.75).
Barratt Developments Company Profile
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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