UBS Group Reiterates Buy Rating for Barratt Developments (LON:BDEV)

UBS Group restated their buy rating on shares of Barratt Developments (LON:BDEV) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently weighed in on BDEV. Jefferies Financial Group reduced their price target on Barratt Developments from GBX 659 ($8.11) to GBX 645 ($7.94) and set a buy rating for the company in a report on Friday, June 26th. Citigroup reaffirmed a neutral rating on shares of Barratt Developments in a report on Thursday, June 18th. Davy Research raised Barratt Developments to an outperform rating in a report on Thursday, June 25th. Liberum Capital reaffirmed a hold rating on shares of Barratt Developments in a report on Monday, July 6th. Finally, HSBC upped their price target on Barratt Developments from GBX 710 ($8.74) to GBX 900 ($11.08) and gave the stock a buy rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 670.31 ($8.25).

Shares of BDEV opened at GBX 543.60 ($6.69) on Tuesday. Barratt Developments has a 52 week low of GBX 349.40 ($4.30) and a 52 week high of GBX 979.54 ($12.05). The company has a quick ratio of 0.55, a current ratio of 3.84 and a debt-to-equity ratio of 5.18. The company has a market capitalization of $5.42 billion and a price-to-earnings ratio of 7.26. The stock’s 50-day moving average price is GBX 513.08 and its 200-day moving average price is GBX 613.18.

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 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.

Featured Article: Call Option

Analyst Recommendations for Barratt Developments (LON:BDEV)

Receive News & Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related companies with MarketBeat.com's FREE daily email newsletter.