Peel Hunt reiterated their add rating on shares of Barratt Developments (LON:BDEV) in a research report report published on Monday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a GBX 630 ($8.23) price target on the real estate development company’s stock, up from their prior price target of GBX 575 ($7.51).
Other analysts also recently issued reports about the company. UBS Group restated a buy rating on shares of Barratt Developments in a research note on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Barratt Developments in a research report on Friday, March 22nd. Liberum Capital cut shares of Barratt Developments to a hold rating and raised their price target for the company from GBX 500 ($6.53) to GBX 540 ($7.06) in a research report on Monday, February 11th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 570 ($7.45) price target on shares of Barratt Developments in a research report on Wednesday, February 6th. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 650 ($8.49) price target on shares of Barratt Developments in a research report on Friday, February 8th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 656.15 ($8.57).
Shares of BDEV opened at GBX 600 ($7.84) on Monday. The company has a debt-to-equity ratio of 4.39, a current ratio of 3.79 and a quick ratio of 0.51. The stock has a market capitalization of $6.08 billion and a PE ratio of 8.40. Barratt Developments has a one year low of GBX 430 ($5.62) and a one year 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.
Recommended Story: Futures Contract
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.