Royal Bank of Canada Reiterates “Sector Perform” Rating for Barratt Developments (LON:BDEV)

Barratt Developments (LON:BDEV)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Thursday, LSE.Co.UK reports. They currently have a GBX 575 ($7.56) target price on the real estate development company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 13.86% from the company’s current price.

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

Barratt Developments Trading Up 1.8 %

Shares of Barratt Developments stock traded up GBX 8.70 ($0.11) on Thursday, hitting GBX 505 ($6.64). The stock had a trading volume of 4,825,384 shares, compared to its average volume of 6,347,218. The stock has a 50 day moving average of GBX 512.86 and a 200 day moving average of GBX 491.08. The company has a debt-to-equity ratio of 4.52, a quick ratio of 0.93 and a current ratio of 4.92. Barratt Developments has a twelve month low of GBX 384.15 ($5.05) and a twelve month high of GBX 582.60 ($7.66). The firm has a market capitalization of £7.32 billion, a P/E ratio of 2,195.65, a PEG ratio of 9.09 and a beta of 1.63.

Insider Buying and Selling at Barratt Developments

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

Barratt Developments Company Profile

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.