Barratt Developments (LON:BDEV) Given Sell Rating at Shore Capital

Shore Capital reaffirmed their sell rating on shares of Barratt Developments (LON:BDEV) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on BDEV. JPMorgan Chase & Co. set a $45.00 price objective on shares of Ciena and gave the company a buy rating in a report on Friday, March 22nd. Liberum Capital cut their price objective on shares of Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating for the company in a report on Wednesday. Numis Securities started coverage on shares of TUI in a report on Thursday, May 9th. They issued a buy rating for the company. Goldman Sachs Group set a $13.00 price objective on shares of Ford Motor and gave the company a buy rating in a report on Thursday, June 13th. Finally, HSBC reiterated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 662.08 ($8.65).

BDEV stock opened at GBX 627 ($8.19) on Wednesday. The firm has a market cap of $6.38 billion and a P/E ratio of 8.78. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.51 and a current ratio of 3.79. Barratt Developments has a 12 month low of GBX 430 ($5.62) and a 12 month high of GBX 627.80 ($8.20). The company has a 50-day simple moving average of GBX 569.18.

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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