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

Shares of Barratt Developments plc (LON:BDEV) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 514.63 ($6.47).

Several analysts have recently weighed in on BDEV shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 488 ($6.13) target price on shares of Barratt Developments in a report on Wednesday, February 7th. Citigroup upgraded Barratt Developments to a “buy” rating and set a GBX 615 ($7.73) target price on the stock in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Barratt Developments in a report on Friday, May 3rd.

Barratt Developments Stock Performance

Shares of BDEV opened at GBX 490.50 ($6.16) on Wednesday. The stock has a market capitalization of £4.78 billion, a P/E ratio of 2,235.91, a P/E/G ratio of -1.65 and a beta of 1.56. 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 1 year low of GBX 384.15 ($4.83) and a 1 year high of GBX 582.60 ($7.32). The company’s fifty day moving average is GBX 466.42 and its two-hundred day moving average is GBX 491.72.

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.