Barratt Developments (LON:BDEV – Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from GBX 466 ($6.09) to GBX 392 ($5.13) in a research report sent to investors on Friday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the real estate development company’s stock.
Other analysts also recently issued reports about the stock. Shore Capital boosted their target price on shares of Barratt Developments from GBX 440 ($5.75) to GBX 552 ($7.22) and gave the stock a hold rating in a report on Thursday, May 11th. Berenberg Bank upped their price target on shares of Barratt Developments from GBX 440 ($5.75) to GBX 552 ($7.22) and gave the stock a hold rating in a research report on Thursday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Barratt Developments from GBX 430 ($5.62) to GBX 390 ($5.10) and set a neutral rating for the company in a research report on Tuesday, July 4th. Barclays reissued an overweight rating and set a GBX 570 ($7.45) target price on shares of Barratt Developments in a research report on Monday, July 3rd. Finally, UBS Group increased their target price on shares of Barratt Developments from GBX 520 ($6.80) to GBX 545 ($7.13) and gave the company a buy rating in a research report on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of GBX 504.63 ($6.60).
Barratt Developments Stock Down 0.9 %
BDEV opened at GBX 408.40 ($5.34) on Friday. The company has a market capitalization of £3.98 billion, a PE ratio of 785.38, a PEG ratio of -1.65 and a beta of 1.52. Barratt Developments has a 1-year low of GBX 313 ($4.09) and a 1-year high of GBX 515 ($6.73). The firm’s 50 day simple moving average is GBX 452.73 and its two-hundred day simple moving average is GBX 456.49. The company has a current ratio of 4.33, a quick ratio of 0.93 and a debt-to-equity ratio of 4.28.
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.
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