Canaccord Genuity reissued their buy rating on shares of Barratt Developments (LON:BDEV) in a report published on Wednesday morning, Digital Look reports. They currently have a GBX 620 ($8.10) target price on the real estate development company’s stock.
A number of other brokerages have also recently issued reports on BDEV. Peel Hunt reiterated a buy rating on shares of Lookers in a report on Monday. Numis Securities initiated coverage on shares of TUI in a report on Thursday, May 9th. They set a buy rating for the company. UBS Group set a $125.00 price objective on shares of Caterpillar and gave the company a sell rating in a report on Friday, May 3rd. Liberum Capital reduced their price objective on shares of Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. set a $45.00 price objective on shares of Ciena and gave the company a buy rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 661.54 ($8.64).
BDEV traded up GBX 30.20 ($0.39) during midday trading on Wednesday, hitting GBX 614.40 ($8.03). The company had a trading volume of 6,952,615 shares, compared to its average volume of 4,890,000. Barratt Developments has a 52 week low of GBX 430 ($5.62) and a 52 week high of GBX 627.80 ($8.20). The company has a quick ratio of 0.51, a current ratio of 3.79 and a debt-to-equity ratio of 4.39. The stock has a market cap of $6.25 billion and a P/E ratio of 8.61. The stock’s 50 day simple moving average is GBX 567.82.
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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