Peel Hunt reiterated their add rating on shares of Barratt Developments (LON:BDEV) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the stock. Numis Securities reissued a buy rating on shares of Barratt Developments in a research report on Thursday, May 9th. Shore Capital reissued a sell rating on shares of Barratt Developments in a research report on Wednesday, July 10th. Canaccord Genuity reissued a buy rating and set a GBX 620 ($8.10) price objective on shares of Barratt Developments in a research report on Wednesday, July 10th. Goldman Sachs Group cut shares of Barratt Developments to a sell rating in a research note on Thursday, June 13th. Finally, Berenberg Bank upped their target price on shares of Barratt Developments from GBX 650 ($8.49) to GBX 670 ($8.75) and gave the company a buy rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 661.82 ($8.65).
Shares of BDEV stock opened at GBX 634.20 ($8.29) on Tuesday. Barratt Developments has a one year low of GBX 430 ($5.62) and a one year high of GBX 670.20 ($8.76). The company’s 50-day moving average is GBX 627.34 and its 200 day moving average is GBX 597.73. The company has a market capitalization of $6.46 billion and a price-to-earnings ratio of 8.88. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.51 and a current ratio of 3.79.
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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