Liberum Capital Reaffirms Hold Rating for Barratt Developments (LON:BDEV)
Liberum Capital reiterated their hold rating on shares of Barratt Developments (LON:BDEV) in a research report released on Monday, ThisIsMoney.Co.Uk reports.
A number of other brokerages also recently commented on BDEV. Davy Research upgraded shares of Barratt Developments to an outperform rating in a report on Thursday, June 25th. Citigroup reiterated a neutral rating on shares of Barratt Developments in a report on Thursday, June 18th. Berenberg Bank reduced their target price on shares of Barratt Developments from GBX 890 ($10.95) to GBX 540 ($6.65) and set a buy rating for the company in a report on Friday, March 27th. Jefferies Financial Group reduced their target price on shares of Barratt Developments from GBX 659 ($8.11) to GBX 645 ($7.94) and set a buy rating for the company in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Barratt Developments from GBX 420 ($5.17) to GBX 500 ($6.15) and gave the stock a neutral rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Barratt Developments presently has a consensus rating of Buy and a consensus price target of GBX 670.31 ($8.25).
Shares of Barratt Developments stock opened at GBX 522 ($6.42) on Monday. The company has a market capitalization of $5.38 billion and a PE ratio of 7.21. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.55 and a current ratio of 3.84. The company has a 50-day simple moving average of GBX 511.82 and a two-hundred day simple moving average of GBX 615.31. Barratt Developments has a one year low of GBX 349.40 ($4.30) and a one year high of GBX 979.54 ($12.05).
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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