Brokerages Set Barratt Developments Plc (BDEV) Target Price at $671.13

Barratt Developments Plc (LON:BDEV) has been given an average rating of “Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 671.13 ($8.77).

A number of equities research analysts have commented on BDEV shares. Liberum Capital restated a “hold” rating on shares of Barratt Developments in a research note on Thursday, May 9th. Peel Hunt restated an “add” rating and set a GBX 630 ($8.23) target price (up previously from GBX 575 ($7.51)) on shares of Barratt Developments in a research note on Monday, May 6th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Barratt Developments in a research note on Friday, March 22nd. Berenberg Bank decreased their target price on shares of Barratt Developments from GBX 670 ($8.75) to GBX 650 ($8.49) and set a “buy” rating on the stock in a research note on Monday, January 28th. Finally, Numis Securities restated a “buy” rating on shares of Barratt Developments in a research note on Thursday, May 9th.

LON BDEV traded down GBX 6.40 ($0.08) on Friday, reaching GBX 613.60 ($8.02). 2,842,230 shares of the stock were exchanged, compared to its average volume of 4,890,000. Barratt Developments has a one year low of GBX 430 ($5.62) and a one year high of GBX 627.80 ($8.20). The stock has a market cap of $6.22 billion and a price-to-earnings ratio of 8.59. The company has a current ratio of 3.79, a quick ratio of 0.51 and a debt-to-equity ratio of 4.39.



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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