Barratt Developments’ (LON:BDEV) “Buy” Rating Reiterated at UBS Group

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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 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.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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