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

Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also weighed in on the stock. HSBC upped their price objective on shares of Barratt Developments from GBX 620 ($8.10) to GBX 770 ($10.06) and gave the company a “buy” rating in a research note on Tuesday, March 26th. Peel Hunt reiterated an “add” rating on shares of Barratt Developments in a research note on Monday, June 17th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research note on Monday, May 20th. UBS Group reiterated a “buy” rating on shares of Barratt Developments in a research note on Friday, May 3rd. Finally, Goldman Sachs Group lowered shares of Barratt Developments to a “sell” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Barratt Developments currently has a consensus rating of “Buy” and an average target price of GBX 656.15 ($8.57).

BDEV stock opened at GBX 557.80 ($7.29) on Tuesday. Barratt Developments has a 52-week low of GBX 430 ($5.62) and a 52-week high of GBX 627.80 ($8.20). The company’s 50 day moving average price is GBX 574.84. The company has a debt-to-equity ratio of 4.39, a current ratio of 3.79 and a quick ratio of 0.51. The firm has a market capitalization of $5.65 billion and a price-to-earnings ratio of 7.81.

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.

See Also: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Barratt Developments (LON:BDEV)

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