Peel Hunt Reiterates “Add” Rating for Barratt Developments (LON:BDEV)
Peel Hunt reaffirmed their add rating on shares of Barratt Developments (LON:BDEV) in a research note published on Monday, ThisIsMoney.Co.Uk reports.
BDEV has been the subject of several other research reports. HSBC reissued a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research note on Tuesday, March 26th. Goldman Sachs Group set a $13.00 price objective on shares of Ford Motor and gave the stock a buy rating in a research note on Thursday, June 13th. Jefferies Financial Group raised shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. UBS Group set a $125.00 price objective on shares of Caterpillar and gave the stock a sell rating in a research note on Friday, May 3rd. Finally, Liberum Capital reissued a hold rating on shares of Barratt Developments in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 661.54 ($8.64).
Shares of LON BDEV opened at GBX 614.40 ($8.03) on Monday. The company has a current ratio of 3.79, a quick ratio of 0.51 and a debt-to-equity ratio of 4.39. The company has a market capitalization of $6.25 billion and a P/E ratio of 8.61. Barratt Developments has a 1 year low of GBX 430 ($5.62) and a 1 year high of GBX 627.80 ($8.20). The stock has a 50-day moving average price of GBX 567.82.
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.
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