Barratt Developments plc (BDEV.L) (LON:BDEV) Receives Hold Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of Barratt Developments plc (BDEV.L) (LON:BDEV) in a research note released on Wednesday, Anlyst Ratings reports. Peel Hunt currently has a GBX 575 ($7.51) target price on the real estate development company’s stock.

BDEV has been the subject of several other research reports. Credit Suisse Group lowered their price objective on shares of Barratt Developments plc (BDEV.L) from GBX 685 ($8.95) to GBX 630 ($8.23) and set an outperform rating for the company in a research report on Friday, July 3rd. Citigroup restated a neutral rating on shares of Barratt Developments plc (BDEV.L) in a research report on Thursday, June 18th. Davy Research upgraded shares of Barratt Developments plc (BDEV.L) to an outperform rating in a research report on Thursday, June 25th. HSBC raised their price objective on shares of Barratt Developments plc (BDEV.L) from GBX 710 ($9.28) to GBX 900 ($11.76) and gave the company a buy rating in a research report on Tuesday, June 23rd. Finally, Liberum Capital raised their price objective on shares of Barratt Developments plc (BDEV.L) from GBX 445 ($5.81) to GBX 525 ($6.86) and gave the company a hold rating in a research report on Monday, September 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 660.23 ($8.63).

Shares of BDEV stock opened at GBX 540 ($7.06) on Wednesday. Barratt Developments plc has a 12-month low of GBX 349.40 ($4.56) and a 12-month high of GBX 979.54 ($12.80). The company has a market capitalization of $5.00 billion and a P/E ratio of 13.88. The firm has a 50-day moving average price of GBX 502.42 and a 200 day moving average price of GBX 506.35. The company has a quick ratio of 0.47, a current ratio of 3.91 and a debt-to-equity ratio of 7.55.

About Barratt Developments plc (BDEV.L)

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; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

Recommended Story: How to calculate compound interest

Analyst Recommendations for Barratt Developments plc (BDEV.L) (LON:BDEV)

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