Barratt Developments plc (LON:BDEV) Receives GBX 760.40 Consensus PT from Brokerages

Barratt Developments plc (LON:BDEVGet Rating) has been given an average rating of “Buy” by the six analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 760.40 ($9.37).

Several brokerages have recently issued reports on BDEV. Barclays reiterated an “equal weight” rating and set a GBX 760 ($9.37) price objective on shares of Barratt Developments in a research report on Thursday, February 10th. Morgan Stanley reiterated an “overweight” rating on shares of Barratt Developments in a research report on Wednesday, May 11th. Berenberg Bank reduced their price objective on Barratt Developments from GBX 810 ($9.99) to GBX 790 ($9.74) and set a “buy” rating for the company in a research report on Thursday, May 5th. Liberum Capital reiterated a “buy” rating and set a GBX 740 ($9.12) price objective on shares of Barratt Developments in a research report on Monday, March 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Barratt Developments from GBX 710 ($8.75) to GBX 650 ($8.01) and set a “neutral” rating for the company in a research report on Friday, May 6th.

Shares of BDEV stock opened at GBX 487.30 ($6.01) on Friday. The company has a quick ratio of 1.03, a current ratio of 4.45 and a debt-to-equity ratio of 4.39. The business has a 50 day moving average of GBX 516.24 and a two-hundred day moving average of GBX 614.43. The company has a market cap of £4.98 billion and a P/E ratio of 7.61. Barratt Developments has a 52 week low of GBX 457.60 ($5.64) and a 52 week high of GBX 778.60 ($9.60).

Barratt Developments Company Profile (Get Rating)

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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