Royal Bank of Canada Reaffirms Sector Perform Rating for Barratt Developments (LON:BDEV)

Barratt Developments (LON:BDEV)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 575 ($7.56) price objective on the real estate development company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 16.73% from the company’s current price.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 560 ($7.36) target price on shares of Barratt Developments in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 540.40 ($7.11).

Barratt Developments Trading Down 2.6 %

LON BDEV opened at GBX 492.60 ($6.48) on Thursday. Barratt Developments has a fifty-two week low of GBX 384.15 ($5.05) and a fifty-two week high of GBX 582.60 ($7.66). The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.92. The stock has a 50 day simple moving average of GBX 513.92 and a two-hundred day simple moving average of GBX 491.29. The stock has a market cap of £7.14 billion, a P/E ratio of 2,141.74, a price-to-earnings-growth ratio of 9.09 and a beta of 1.63.

Insider Activity at Barratt Developments

In other Barratt Developments news, insider Steven J. Boyes sold 118 shares of Barratt Developments stock in a transaction on Thursday, July 11th. The stock was sold at an average price of GBX 483 ($6.35), for a total value of £569.94 ($749.43). 1.51% of the stock is owned by corporate insiders.

About Barratt Developments

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.