Barratt Developments (LON:BDEV) Stock Crosses Above Two Hundred Day Moving Average of $419.32

Barratt Developments plc (LON:BDEV – Get Rating) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 419.32 ($5.11) and traded as high as GBX 423.70 ($5.16). Barratt Developments shares last traded at GBX 422.90 ($5.15), with a volume of 4,587,450 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on BDEV. JPMorgan Chase & Co. reduced their price target on Barratt Developments from GBX 530 ($6.46) to GBX 490 ($5.97) and set a “neutral” rating for the company in a research note on Wednesday, October 26th. Berenberg Bank cut their target price on Barratt Developments from GBX 459 ($5.59) to GBX 440 ($5.36) and set a “hold” rating for the company in a research report on Friday, November 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Barratt Developments from GBX 835 ($10.17) to GBX 462 ($5.63) and set a “buy” rating for the company in a research report on Thursday, October 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 578.43 ($7.05).

Barratt Developments Price Performance

The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.04. The company has a market cap of £4.23 billion and a price-to-earnings ratio of 845.80. The business has a fifty day moving average price of GBX 404.77 and a 200 day moving average price of GBX 419.32.

Insider Transactions at Barratt Developments

In other Barratt Developments news, insider Mike Scott sold 10,619 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of GBX 405 ($4.93), for a total value of £43,006.95 ($52,396.38).

About Barratt Developments

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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, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.