JPMorgan Chase & Co. Lowers Barratt Developments (OTCMKTS:BTDPY) Price Target to GBX 650

Barratt Developments (OTCMKTS:BTDPYGet Rating) had its target price trimmed by JPMorgan Chase & Co. from GBX 710 ($8.75) to GBX 650 ($8.01) in a research report sent to investors on Friday, The Fly reports.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group downgraded Barratt Developments from a buy rating to a hold rating in a research report on Monday, January 24th. Zacks Investment Research upgraded Barratt Developments from a sell rating to a hold rating in a research report on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Barratt Developments from GBX 861 ($10.62) to GBX 832 ($10.26) in a research report on Friday, January 14th. Finally, Morgan Stanley cut their price objective on Barratt Developments from GBX 800 ($9.86) to GBX 780 ($9.62) in a research report on Friday, January 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus price target of $569.75.

BTDPY opened at $11.23 on Friday. Barratt Developments has a 1-year low of $11.21 and a 1-year high of $22.25. The business has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $16.65.

The firm also recently announced a dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Friday, April 8th will be issued a $0.2569 dividend. The ex-dividend date is Thursday, April 7th. This represents a dividend yield of 5.77%.

About Barratt Developments (Get Rating)

Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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