Barratt Developments (LON:BDEV) PT Raised to GBX 850

Barratt Developments (LON:BDEV) had its target price raised by investment analysts at Berenberg Bank from GBX 800 ($10.45) to GBX 850 ($11.11) in a report released on Monday, Digital Look reports. The firm currently has a “hold” rating on the real estate development company’s stock. Berenberg Bank’s price objective indicates a potential upside of 12.02% from the company’s current price.

A number of other equities research analysts have also weighed in on BDEV. Canaccord Genuity raised their price objective on Barratt Developments from GBX 825 ($10.78) to GBX 835 ($10.91) and gave the company a “hold” rating in a research note on Friday, May 7th. Numis Securities reissued an “add” rating and issued a GBX 809 ($10.57) price target on shares of Barratt Developments in a report on Thursday, May 6th. Liberum Capital raised Barratt Developments to a “buy” rating and lifted their target price for the company from GBX 690 ($9.01) to GBX 735 ($9.60) in a research note on Friday, February 5th. Jefferies Financial Group downgraded Barratt Developments to a “hold” rating and set a GBX 787 ($10.28) price objective on the stock. in a research note on Monday, February 8th. Finally, Barclays lifted their target price on Barratt Developments from GBX 725 ($9.47) to GBX 760 ($9.93) and gave the stock an “equal weight” rating in a report on Monday, February 8th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 764.38 ($9.99).

Shares of BDEV stock opened at GBX 758.80 ($9.91) on Monday. The business’s fifty day moving average price is GBX 774.77 and its 200 day moving average price is GBX 687.71. Barratt Developments has a 1-year low of GBX 428.10 ($5.59) and a 1-year high of GBX 889.55 ($11.62). The firm has a market capitalization of £7.73 billion and a PE ratio of 19.23. The company has a debt-to-equity ratio of 4.70, a current ratio of 4.40 and a quick ratio of 1.07.

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 homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. 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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