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
About Barratt Developments
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.
- Bloom Energy Powers Up After an Upgrade, is it Worth the Risk?
- Why Hershey Is a Sweet Recession Stock
- Will Amazon Stock Be Delivering for Investors in 2023?
- The Analysts Shift Trucking Sentiment Back into Forward
- The Institutions Book A Flight With Boeing
Receive News & Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related companies with MarketBeat.com's FREE daily email newsletter.