Barratt Developments (LON:BDEV) Stock Rating Reaffirmed by Peel Hunt

Barratt Developments (LON:BDEV)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

BDEV has been the topic of several other reports. Shore Capital restated a “sell” rating on shares of Barratt Developments in a research note on Wednesday, July 10th. Canaccord Genuity restated a “buy” rating and set a GBX 620 ($8.10) price objective on shares of Barratt Developments in a research note on Wednesday, July 10th. Berenberg Bank boosted their price objective on shares of Barratt Developments from GBX 650 ($8.49) to GBX 670 ($8.75) and gave the stock a “buy” rating in a research note on Thursday, July 11th. Liberum Capital restated a “hold” rating on shares of Barratt Developments in a research note on Wednesday, July 10th. Finally, Goldman Sachs Group lowered shares of Barratt Developments to a “sell” rating in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Barratt Developments presently has a consensus rating of “Buy” and an average target price of GBX 661.82 ($8.65).

Barratt Developments stock opened at GBX 625.20 ($8.17) on Tuesday. The firm has a market capitalization of $6.36 billion and a PE ratio of 8.76. The company’s 50-day moving average is GBX 626.48 and its 200-day moving average is GBX 597.33. Barratt Developments has a fifty-two week low of GBX 430 ($5.62) and a fifty-two week high of GBX 670.20 ($8.76). The company has a debt-to-equity ratio of 4.39, a current ratio of 3.79 and a quick ratio of 0.51.

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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