Barratt Developments (LON:BDEV) Rating Reiterated by Peel Hunt
Barratt Developments (LON:BDEV)‘s stock had its “add” rating restated by analysts at Peel Hunt in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on BDEV. Liberum Capital restated a “hold” rating on shares of Barratt Developments in a research report on Thursday, May 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barratt Developments in a research note on Friday, March 22nd. Numis Securities reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Thursday, May 9th. Goldman Sachs Group lowered Barratt Developments to a “sell” rating in a research note on Thursday. Finally, UBS Group reaffirmed a “buy” rating on shares of Barratt Developments in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 656.15 ($8.57).
Barratt Developments stock opened at GBX 561.60 ($7.34) on Monday. The company has a market capitalization of $5.69 billion and a PE ratio of 7.87. Barratt Developments has a 12 month low of GBX 430 ($5.62) and a 12 month high of GBX 627.80 ($8.20). The company has a debt-to-equity ratio of 4.39, a current ratio of 3.79 and a quick ratio of 0.51.
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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