Canaccord Genuity Reiterates “Buy” Rating for Barratt Developments (LON:BDEV)

Canaccord Genuity reissued their buy rating on shares of Barratt Developments (LON:BDEV) in a research note published on Wednesday, Digital Look reports. The brokerage currently has a GBX 620 ($8.10) target price on the real estate development company’s stock.

Other analysts also recently issued reports about the company. Peel Hunt reaffirmed a buy rating on shares of Lookers in a research note on Monday, July 8th. Shore Capital reaffirmed a house stock rating on shares of TLOU Energy in a research note on Wednesday. Numis Securities started coverage on TUI in a research note on Thursday, May 9th. They set a buy rating for the company. Jefferies Financial Group raised SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. Finally, HSBC reaffirmed a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 662.08 ($8.65).

BDEV opened at GBX 627 ($8.19) on Wednesday. The firm’s 50 day moving average is GBX 569.18. The company has a current ratio of 3.79, a quick ratio of 0.51 and a debt-to-equity ratio of 4.39. The stock has a market cap of $6.38 billion and a P/E ratio of 8.78. Barratt Developments has a 52 week low of GBX 430 ($5.62) and a 52 week high of GBX 627.80 ($8.20).

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.

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Analyst Recommendations for Barratt Developments (LON:BDEV)

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