Analysts Set Barratt Developments plc (LON:BDEV) Target Price at GBX 736.80

Shares of Barratt Developments plc (LON:BDEVGet Rating) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 736.80 ($8.88).

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 834 ($10.05) price objective on shares of Barratt Developments in a report on Friday, July 15th. JPMorgan Chase & Co. decreased their price objective on Barratt Developments from GBX 650 ($7.83) to GBX 610 ($7.35) and set a “neutral” rating for the company in a report on Friday, July 15th. Liberum Capital reiterated a “buy” rating and set a GBX 690 ($8.31) price objective on shares of Barratt Developments in a report on Wednesday, May 25th. Morgan Stanley reiterated an “overweight” rating on shares of Barratt Developments in a report on Wednesday, May 11th. Finally, Berenberg Bank reduced their target price on Barratt Developments from GBX 810 ($9.76) to GBX 790 ($9.52) and set a “buy” rating for the company in a research note on Thursday, May 5th.

Barratt Developments Stock Performance

Shares of BDEV opened at GBX 501 ($6.04) on Thursday. Barratt Developments has a 12 month low of GBX 441.70 ($5.32) and a 12 month high of GBX 765.14 ($9.22). The stock has a fifty day moving average price of GBX 483.22 and a 200-day moving average price of GBX 531.58. The company has a current ratio of 4.45, a quick ratio of 1.03 and a debt-to-equity ratio of 4.39. The firm has a market cap of £5.12 billion and a PE ratio of 782.81.

Insider Buying and Selling

In other news, insider Mike Scott bought 228 shares of Barratt Developments stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of GBX 476 ($5.73) per share, for a total transaction of £1,085.28 ($1,307.57).

About Barratt Developments

(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.

Further Reading

Analyst Recommendations for Barratt Developments (LON:BDEV)

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