Barratt Developments (BDEV) Given “Buy” Rating at UBS Group

UBS Group reiterated their buy rating on shares of Barratt Developments (LON:BDEV) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued reports about the stock. Peel Hunt restated an add rating on shares of Barratt Developments in a research report on Friday, January 4th. JPMorgan Chase & Co. restated an overweight rating on shares of Barratt Developments in a research report on Friday, March 22nd. Liberum Capital downgraded shares of Barratt Developments to a hold rating and boosted their price objective for the company from GBX 500 ($6.53) to GBX 540 ($7.06) in a research report on Monday, February 11th. Canaccord Genuity restated a buy rating and set a GBX 570 ($7.45) price objective on shares of Barratt Developments in a research report on Wednesday, February 6th. Finally, Berenberg Bank restated a buy rating and set a GBX 650 ($8.49) price objective on shares of Barratt Developments in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Barratt Developments presently has a consensus rating of Buy and a consensus price target of GBX 651.92 ($8.52).

Shares of BDEV stock opened at GBX 591.66 ($7.73) on Friday. The company has a debt-to-equity ratio of 4.39, a current ratio of 3.79 and a quick ratio of 0.51. The company has a market capitalization of $6.00 billion and a P/E ratio of 8.29. Barratt Developments has a 1 year low of GBX 430 ($5.62) and a 1 year high of GBX 627.80 ($8.20).

Barratt Developments (LON:BDEV) last announced its quarterly earnings data on Wednesday, February 6th. The real estate development company reported GBX 32.70 ($0.43) EPS for the quarter. As a group, analysts predict that Barratt Developments will post 6847.00059732059 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 9.60 ($0.13) per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.71%. Barratt Developments’s dividend payout ratio (DPR) is presently 0.39%.

About Barratt Developments

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.

Further Reading: How are dividend achievers different from dividend aristocrats?

Analyst Recommendations for Barratt Developments (LON:BDEV)

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.