Barratt Developments (LON:BDEV)‘s stock had its “buy” rating restated by equities researchers at UBS Group in a report released on Thursday, September 19th, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently issued reports on BDEV. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a report on Wednesday, September 4th. Goldman Sachs Group cut Barratt Developments to a “sell” rating in a report on Thursday, June 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 670 ($8.75) price objective on shares of Barratt Developments in a report on Thursday, August 29th. Peel Hunt cut Barratt Developments to a “hold” rating and set a GBX 630 ($8.23) price objective on the stock. in a report on Thursday, September 5th. Finally, Citigroup restated a “buy” rating on shares of Barratt Developments in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Barratt Developments presently has a consensus rating of “Hold” and an average price target of GBX 658.80 ($8.61).
BDEV stock traded up GBX 67.60 ($0.88) during trading on Thursday, hitting GBX 654.40 ($8.55). The stock had a trading volume of 13,273,238 shares, compared to its average volume of 4,890,000. The company has a debt-to-equity ratio of 4.11, a current ratio of 3.56 and a quick ratio of 0.69. Barratt Developments has a twelve month low of GBX 430 ($5.62) and a twelve month high of GBX 670.20 ($8.76). The stock has a market capitalization of $6.66 billion and a P/E ratio of 9.05. The company’s 50-day moving average price is GBX 631.98 and its two-hundred day moving average price is GBX 608.56.
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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