Barratt Developments Plc (LON:BDEV) Receives GBX 687 Consensus PT from Brokerages
Barratt Developments Plc (LON:BDEV) has received an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 687 ($8.98).
A number of analysts recently issued reports on the stock. Liberum Capital decreased their price objective on shares of Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a “buy” rating for the company in a report on Wednesday, July 10th. Peel Hunt reiterated a “buy” rating on shares of IQE in a research note on Tuesday, July 23rd. Numis Securities assumed coverage on shares of TUI in a research note on Thursday, May 9th. They issued a “buy” rating for the company. Goldman Sachs Group set a $13.00 target price on shares of Ford Motor and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research note on Tuesday, June 25th.
LON BDEV traded up GBX 3.80 ($0.05) during trading hours on Wednesday, reaching GBX 665.80 ($8.70). 1,349,738 shares of the company were exchanged, compared to its average volume of 4,890,000. Barratt Developments has a 1 year low of GBX 430 ($5.62) and a 1 year high of GBX 648.80 ($8.48). The firm has a 50 day simple moving average of GBX 590.28. The company has a quick ratio of 0.51, a current ratio of 3.79 and a debt-to-equity ratio of 4.39. The company has a market cap of $6.77 billion and a PE ratio of 9.32.
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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