Barratt Developments Plc (LON:BDEV) has been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 657.56 ($8.59).
BDEV has been the topic of a number of analyst reports. Peel Hunt downgraded shares of Barratt Developments to a “hold” rating and increased their price objective for the stock from GBX 630 ($8.23) to GBX 650 ($8.49) in a research note on Wednesday, September 4th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research note on Wednesday, September 4th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 696 ($9.09) price objective on shares of Barratt Developments in a research note on Friday, September 27th. Liberum Capital reiterated a “hold” rating and set a GBX 585 ($7.64) price objective (up from GBX 540 ($7.06)) on shares of Barratt Developments in a research note on Wednesday, September 4th. Finally, Canaccord Genuity increased their price objective on shares of Barratt Developments from GBX 620 ($8.10) to GBX 660 ($8.62) and gave the stock a “buy” rating in a research note on Thursday, September 5th.
Shares of Barratt Developments stock opened at GBX 654.40 ($8.55) on Monday. The company has a market capitalization of $6.66 billion and a price-to-earnings ratio of 9.05. The company has a quick ratio of 0.69, a current ratio of 3.56 and a debt-to-equity ratio of 4.11. Barratt Developments has a 12-month low of GBX 430 ($5.62) and a 12-month high of GBX 670.20 ($8.76). The firm’s 50-day moving average price is GBX 631.98 and its two-hundred day moving average price is GBX 608.56.
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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