Barratt Developments (LON:BDEV) Price Target Raised to GBX 670 at Berenberg Bank

Barratt Developments (LON:BDEV) had its price target upped by Berenberg Bank from GBX 650 ($8.49) to GBX 670 ($8.75) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the real estate development company’s stock.

A number of other research firms have also weighed in on BDEV. Canaccord Genuity reissued a buy rating and set a GBX 620 ($8.10) price objective on shares of in a research note on Wednesday. Peel Hunt reissued a buy rating on shares of Lookers in a research note on Monday, July 8th. HSBC restated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Tuesday, March 26th. Liberum Capital reduced their target price on Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating on the stock in a research report on Wednesday. Finally, Numis Securities began coverage on TUI in a research report on Thursday, May 9th. They issued a buy rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 662.08 ($8.65).

LON BDEV opened at GBX 627 ($8.19) on Thursday. The stock’s fifty day moving average is GBX 569.18. The firm has a market capitalization of $6.38 billion and a price-to-earnings ratio of 8.78. 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 has a fifty-two week low of GBX 430 ($5.62) and a fifty-two week high of GBX 627.80 ($8.20).

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.

See Also: Cost of Goods Sold (COGS)

Analyst Recommendations for Barratt Developments (LON:BDEV)

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