According to Bloomberg Ratings, the eight analysts currently covering Barratt Developments plc (LON: BDEV) have given the company an average “Moderate Buy.” This rating indicates that investors should consider purchasing the company’s shares. There are currently five equity research analysts who have assigned a buy rating to the company. In comparison, three equity research analysts have assigned a hold rating to the company. The average price target over the next 12 months that brokers who have filed research on the company in the preceding year have set is GBX 544.83 ($6.65). This price target is based on the fact that brokers have filed research on the company in the preceding year.
Numerous academic investigations have been carried out, with BDEV as the primary focus of attention. Deutsche Bank Aktiengesellschaft decreased their price target on Barratt Developments from GBX 835 ($10.19) to GBX 462 ($5.64) while maintaining their “buy” rating on the stock in a research note that was published on Thursday, October 20. On Friday, November 25, Berenberg Bank released a research note in which they lowered their price objective for Barratt Developments from GBX 459 ($5.60) to GBX 440 ($5.37) and reaffirmed their recommendation that investors “hold” the shares. JPMorgan Chase & Co. gave Barratt Developments a rating of “neutral,” which resulted in the firm lowering its price objective on the company from GBX 530 ($6.47) to GBX 490 ($5.98) in a research note that was published on Wednesday, October 26. The note was about the company’s stock and was titled “Barratt Developments Rating.” The investment bank Citigroup reaffirmed its “buy” rating on shares of Barratt Developments in a research note that was published on Tuesday. The meeting will end with this particular item.
Thursday marked the beginning of BDEV share transactions at a GBX 451.30 ($5.51) per share. In the past year, the stock has traded as low as GBX 313, equivalent to $3.82, while it has reached an all-time high of GBX 682.80, equivalent to $8.33. The debt to equity ratio comes in at 4.52, the quick ratio to the current ratio is 0.93, and the current ratio to the debt ratio comes in at 4.04. The company has a market capitalization of £4.50 billion and a price-to-earnings ratio of 902.6. This gives it a price-to-earnings ratio. The stock’s moving averages over the past 50 and 200 days are currently sitting at GBX 411.96 and GBX 418.87, respectively.
A further note is that on Monday, October 24, a corporate insider named Mike Scott completed a transaction that sold 6,465 shares of the company’s stock. When the stock was sold, the price per share was determined to be GBX 356, equivalent to $4.34, $23,015.40, and $28,084.69, respectively.
In the United Kingdom, Barratt Developments plc is involved in constructing various buildings, including commercial and residential structures. The land is then purchased and developed; residences, apartments, penthouses, and communities are planned, designed, and constructed; retail, leisure, office, and industrial buildings are developed; and mixed-use regeneration projects are developed.