Barratt Developments (LON:BDEV) Receives Hold Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Barratt Developments (LON:BDEV - Free Report) in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has a GBX 540 ($7.06) target price on the real estate development company's stock.

BDEV has been the topic of a number of other research reports. Citigroup restated a buy rating and set a GBX 615 ($8.04) price target on shares of Barratt Developments in a research note on Thursday, September 5th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 560 ($7.32) target price on shares of Barratt Developments in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 575 ($7.52) price target on shares of Barratt Developments in a report on Thursday, September 5th.

Barratt Developments Stock Down 0.4 %

BDEV stock traded down GBX 1.80 ($0.02) on Friday, hitting GBX 508.40 ($6.65). 7,182,767 shares of the company's stock were exchanged, compared to its average volume of 9,445,396. The firm has a 50 day moving average price of GBX 515.43 and a two-hundred day moving average price of GBX 492.20. Barratt Developments has a 12-month low of GBX 384.15 ($5.02) and a 12-month high of GBX 582.60 ($7.62). The stock has a market cap of £7.32 billion, a P/E ratio of 4,236.67, a price-to-earnings-growth ratio of 8.74 and a beta of 1.63. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.93 and a current ratio of 4.55.

Barratt Developments Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be given a GBX 11.80 ($0.15) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 2.27%. This is a positive change from Barratt Developments's previous dividend of $4.40. Barratt Developments's dividend payout ratio is currently 13,333.33%.

Insider Buying and Selling

In related news, insider Steven J. Boyes sold 118 shares of the firm's stock in a transaction on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.32), for a total transaction of £569.94 ($745.31). 1.51% of the stock is owned by corporate insiders.

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.