Barratt Developments’ (BDEV) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

Barratt Developments (LON:BDEV)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Digital Look reports.

Several other equities analysts also recently commented on the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 488 ($6.13) price objective on shares of Barratt Developments in a research note on Wednesday, February 7th. Citigroup upgraded Barratt Developments to a “buy” rating and set a GBX 615 ($7.73) price objective on the stock in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 514.63 ($6.46).

Barratt Developments Price Performance

Barratt Developments stock opened at GBX 463.70 ($5.82) on Friday. Barratt Developments has a 12 month low of GBX 384.15 ($4.83) and a 12 month high of GBX 582.60 ($7.32). The company has a current ratio of 4.92, a quick ratio of 0.93 and a debt-to-equity ratio of 4.52. The business’s 50 day simple moving average is GBX 466.29 and its 200 day simple moving average is GBX 489.09. The company has a market cap of £4.52 billion, a price-to-earnings ratio of 2,100.68, a PEG ratio of -1.65 and a beta of 1.56.

About Barratt Developments

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company 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.