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

Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reissued by equities research analysts at UBS Group in a report issued on Friday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also weighed in on BDEV. Jefferies Financial Group raised SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a research report on Tuesday, June 25th. Berenberg Bank restated a “buy” rating and set a GBX 100 ($1.31) price target on shares of in a research note on Thursday. Numis Securities assumed coverage on TUI in a research note on Thursday, May 9th. They set a “buy” rating for the company. Shore Capital reiterated a “house stock” rating on shares of TLOU Energy in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $45.00 price objective on Ciena and gave the company a “buy” rating in a research note on Friday, March 22nd. Two investment 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. Barratt Developments has an average rating of “Buy” and an average price target of GBX 662.08 ($8.65).

Shares of LON:BDEV opened at GBX 627 ($8.19) on Friday. Barratt Developments has a fifty-two week low of GBX 430 ($5.62) and a fifty-two week high of GBX 627.80 ($8.20). The stock has a 50-day simple moving average of GBX 569.18. 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 stock has a market cap of $6.38 billion and a price-to-earnings ratio of 8.78.

Barratt Developments Company Profile

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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Analyst Recommendations for Barratt Developments (LON:BDEV)

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