Shore Capital reaffirmed their sell rating on shares of Barratt Developments (LON:BDEV) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also weighed in on the company. Citigroup restated a buy rating on shares of Barratt Developments in a report on Friday, September 6th. Deutsche Bank began coverage on Barratt Developments in a report on Wednesday, September 4th. They issued a hold rating and a GBX 648 ($8.47) target price for the company. Peel Hunt restated a hold rating and issued a GBX 650 ($8.49) target price on shares of Barratt Developments in a report on Monday, October 14th. Liberum Capital restated a hold rating and issued a GBX 585 ($7.64) target price (up from GBX 540 ($7.06)) on shares of Barratt Developments in a report on Wednesday, September 4th. Finally, Berenberg Bank restated a buy rating on shares of Barratt Developments in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Barratt Developments has a consensus rating of Hold and an average target price of GBX 659.82 ($8.62).
BDEV opened at GBX 674.20 ($8.81) on Wednesday. The business has a 50 day moving average price of GBX 637.71 and a 200 day moving average price of GBX 611.17. Barratt Developments has a twelve month low of GBX 430 ($5.62) and a twelve month high of GBX 702.80 ($9.18). The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.69 and a current ratio of 3.56. The firm has a market cap of $6.86 billion and a P/E ratio of 9.33.
In other news, insider Steven J. Boyes sold 23,910 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 670 ($8.75), for a total transaction of £160,197 ($209,325.75).
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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