Jefferies Financial Group upgraded shares of Barratt Developments (LON:BDEV) to a buy rating in a research report report published on Thursday morning, Stock Target Advisor reports. They currently have GBX 729 ($9.59) target price on the real estate development company’s stock, down from their previous target price of GBX 861 ($11.33).

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank restated a buy rating on shares of Barratt Developments in a research note on Thursday, February 6th. Bank of America cut Barratt Developments to a neutral rating and boosted their target price for the company from GBX 749 ($9.85) to GBX 800 ($10.52) in a research note on Monday, January 13th. Berenberg Bank boosted their target price on Barratt Developments from GBX 800 ($10.52) to GBX 890 ($11.71) and gave the company a buy rating in a research note on Thursday, February 13th. Canaccord Genuity boosted their target price on Barratt Developments from GBX 660 ($8.68) to GBX 820 ($10.79) and gave the company a buy rating in a research note on Tuesday, January 7th. Finally, Liberum Capital boosted their target price on Barratt Developments from GBX 585 ($7.70) to GBX 650 ($8.55) and gave the company a hold rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 813.42 ($10.70).

LON BDEV traded up GBX 43.50 ($0.57) during trading on Thursday, hitting GBX 408.20 ($5.37). The stock had a trading volume of 9,341,898 shares, compared to its average volume of 4,890,000. The company has a market capitalization of $4.16 billion and a PE ratio of 5.57. The company’s 50-day moving average price is GBX 742.88 and its two-hundred day moving average price is GBX 700.19. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.55 and a current ratio of 3.84. Barratt Developments has a 12 month low of GBX 535.60 ($7.05) and a 12 month high of GBX 979.54 ($12.89).

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

In other news, insider Steven J. Boyes sold 435,000 shares of the company’s stock in a transaction that occurred 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).

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.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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