Barratt Developments (LON:BDEV) Rating Reiterated by Berenberg Bank

Barratt Developments (LON:BDEV)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 540 ($7.06) price target on the real estate development company’s stock. Berenberg Bank’s price target points to a potential upside of 5.81% from the stock’s previous close.

A number of other research analysts have also issued reports on BDEV. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 560 ($7.32) target price on shares of Barratt Developments in a report on Wednesday, July 17th. Citigroup restated a “buy” rating and set a GBX 615 ($8.04) target price on shares of Barratt Developments in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 575 ($7.52) price target on shares of Barratt Developments in a report on Thursday, September 5th.

Barratt Developments Stock Performance

Barratt Developments stock opened at GBX 510.35 ($6.67) on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.93 and a current ratio of 4.55. Barratt Developments has a fifty-two week low of GBX 384.15 ($5.02) and a fifty-two week high of GBX 582.60 ($7.62). The stock has a fifty day moving average of GBX 515.43 and a two-hundred day moving average of GBX 492.20. The company has a market capitalization of £7.35 billion, a price-to-earnings ratio of 4,247.93, a PEG ratio of 8.74 and a beta of 1.63.

Insider Transactions at Barratt Developments

In other Barratt Developments news, insider Steven J. Boyes sold 118 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.32), for a total transaction of £569.94 ($745.31). Insiders own 1.51% of the company’s stock.

About Barratt Developments

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.