Barratt Developments (LON:BDEV) had its target price increased by Berenberg Bank from GBX 800 ($10.52) to GBX 890 ($11.71) in a research note released on Thursday, Stock Target Advisor reports. Berenberg Bank currently has a buy rating on the real estate development company’s stock.

A number of other brokerages have also issued reports on BDEV. Peel Hunt reissued a hold rating on shares of Barratt Developments in a research note on Monday, February 3rd. Jefferies Financial Group raised their price target on Barratt Developments from GBX 696 ($9.16) to GBX 793 ($10.43) and gave the stock a hold rating in a research note on Wednesday, February 5th. Peel Hunt reissued a hold rating and set a GBX 650 ($8.55) price target on shares of Barratt Developments in a research note on Wednesday, October 16th. Shore Capital reissued a sell rating on shares of Barratt Developments in a research note on Wednesday, October 16th. Finally, Canaccord Genuity raised their price target on Barratt Developments from GBX 660 ($8.68) to GBX 820 ($10.79) and gave the stock a buy rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Barratt Developments presently has an average rating of Hold and a consensus price target of GBX 789.58 ($10.39).

Shares of BDEV stock traded up GBX 11 ($0.14) on Thursday, reaching GBX 870.60 ($11.45). 4,484,146 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. Barratt Developments has a 52 week low of GBX 535.60 ($7.05) and a 52 week high of GBX 979.54 ($12.89). The company has a current ratio of 3.84, a quick ratio of 0.55 and a debt-to-equity ratio of 5.18. The stock has a market capitalization of $8.87 billion and a PE ratio of 11.88. The company’s fifty day simple moving average is GBX 786.75 and its 200 day simple moving average is GBX 686.52.

The company also recently announced a dividend, which will be paid on Monday, May 11th. Shareholders of record on Thursday, April 16th will be given a dividend of GBX 9.80 ($0.13) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, April 16th. Barratt Developments’s dividend payout ratio (DPR) is presently 0.40%.

In other Barratt Developments news, insider Steven J. Boyes sold 435,000 shares of Barratt Developments stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of GBX 842 ($11.08), for a total transaction of £3,662,700 ($4,818,074.19).

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.

Recommended Story: Beige Book

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.