Barratt Developments (LON:BDEV) Given New GBX 890 Price Target at Berenberg Bank
Barratt Developments (LON:BDEV) had its target price increased by Berenberg Bank from GBX 800 ($10.52) to GBX 890 ($11.71) in a research note released on Thursday, Stock Target Advisor reports. Berenberg Bank currently has a buy rating on the real estate development company’s stock.
A number of other brokerages have also issued reports on BDEV. Peel Hunt reissued a hold rating on shares of Barratt Developments in a research note on Monday, February 3rd. Jefferies Financial Group raised their price target on Barratt Developments from GBX 696 ($9.16) to GBX 793 ($10.43) and gave the stock a hold rating in a research note on Wednesday, February 5th. Peel Hunt reissued a hold rating and set a GBX 650 ($8.55) price target on shares of Barratt Developments in a research note on Wednesday, October 16th. Shore Capital reissued a sell rating on shares of Barratt Developments in a research note on Wednesday, October 16th. Finally, Canaccord Genuity raised their price target on Barratt Developments from GBX 660 ($8.68) to GBX 820 ($10.79) and gave the stock a buy rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Barratt Developments presently has an average rating of Hold and a consensus price target of GBX 789.58 ($10.39).
Shares of BDEV stock traded up GBX 11 ($0.14) on Thursday, reaching GBX 870.60 ($11.45). 4,484,146 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. Barratt Developments has a 52 week low of GBX 535.60 ($7.05) and a 52 week high of GBX 979.54 ($12.89). The company has a current ratio of 3.84, a quick ratio of 0.55 and a debt-to-equity ratio of 5.18. The stock has a market capitalization of $8.87 billion and a PE ratio of 11.88. The company’s fifty day simple moving average is GBX 786.75 and its 200 day simple moving average is GBX 686.52.
In other Barratt Developments news, insider Steven J. Boyes sold 435,000 shares of Barratt Developments stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of GBX 842 ($11.08), for a total transaction of £3,662,700 ($4,818,074.19).
Barratt Developments Company Profile
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.
Recommended Story: Beige Book
Receive News & Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related companies with MarketBeat.com's FREE daily email newsletter.