Barratt Developments (LON:BDEV) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of Barratt Developments (LON:BDEVFree Report) to a buy rating in a research report released on Friday morning, Marketbeat reports. Citigroup currently has GBX 615 ($7.77) price objective on the real estate development company’s stock.

Separately, Berenberg Bank restated a hold rating and set a GBX 488 ($6.16) price objective on shares of Barratt Developments in a research report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to, Barratt Developments currently has an average rating of Hold and a consensus price target of GBX 495.78 ($6.26).

Check Out Our Latest Report on BDEV

Barratt Developments Stock Down 0.6 %

Shares of Barratt Developments stock opened at GBX 485.40 ($6.13) on Friday. Barratt Developments has a 52-week low of GBX 384.15 ($4.85) and a 52-week high of GBX 582.60 ($7.36). The company has a 50 day moving average of GBX 540.57 and a 200 day moving average of GBX 480.07. The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52. The company has a market capitalization of £4.73 billion, a P/E ratio of 2,123.91, a P/E/G ratio of -1.65 and a beta of 1.59.

Barratt Developments Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 11th will be given a GBX 4.40 ($0.06) dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 0.83%. Barratt Developments’s dividend payout ratio is presently 12,173.91%.

About Barratt Developments

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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.

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