Barratt Developments plc (LON:BDEV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Barratt Developments plc (LON:BDEV) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 514.63 ($6.47).

BDEV has been the topic of several recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barratt Developments in a report on Friday, May 3rd. Berenberg Bank reissued a “hold” rating and issued a GBX 488 ($6.13) price target on shares of Barratt Developments in a research note on Wednesday, February 7th. Finally, Citigroup raised Barratt Developments to a “buy” rating and set a GBX 615 ($7.73) price target on the stock in a research note on Friday, February 9th.

Barratt Developments Stock Performance

BDEV opened at GBX 490.50 ($6.16) on Wednesday. The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.92. Barratt Developments has a 52-week low of GBX 384.15 ($4.83) and a 52-week high of GBX 582.60 ($7.32). The firm has a market cap of £4.78 billion, a P/E ratio of 2,235.91, a price-to-earnings-growth ratio of -1.65 and a beta of 1.56. The business’s fifty day moving average is GBX 466.42 and its 200-day moving average is GBX 491.72.

Barratt Developments Company Profile

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.