Berenberg Bank Raises Barratt Developments (LON:BDEV) Price Target to GBX 670

Share on StockTwits

Barratt Developments (LON:BDEV) had its price target lifted by Berenberg Bank from GBX 650 ($8.49) to GBX 670 ($8.75) in a report published on Thursday, ThisIsMoney.Co.Uk reports. Berenberg Bank currently has a buy rating on the real estate development company’s stock.

Several other brokerages have also recently weighed in on BDEV. Canaccord Genuity reiterated a buy rating and set a GBX 620 ($8.10) price target on shares of in a research report on Wednesday. Shore Capital reissued a house stock rating on shares of TLOU Energy in a report on Wednesday. HSBC reissued a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. UBS Group set a $125.00 price objective on Caterpillar and gave the company a sell rating in a report on Friday, May 3rd. Finally, Liberum Capital dropped their price objective on Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Barratt Developments presently has a consensus rating of Buy and a consensus price target of GBX 662.08 ($8.65).

Shares of BDEV stock opened at GBX 627 ($8.19) on Thursday. The firm’s 50 day moving average is GBX 569.18. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.51 and a current ratio of 3.79. The stock has a market capitalization of $6.38 billion and a PE ratio of 8.78. Barratt Developments has a twelve month low of GBX 430 ($5.62) and a twelve month high of GBX 627.80 ($8.20).

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.

See Also: What are some reasons analysts would give stocks a buy rating?

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.



Leave a Reply