Barratt Developments Plc (LON:BDEV)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $599.43 and traded as low as $634.20. Barratt Developments shares last traded at $647.20, with a volume of 4,144,889 shares trading hands.
Several equities analysts have recently commented on the stock. Shore Capital restated a “sell” rating on shares of Barratt Developments in a research report on Wednesday, July 10th. Canaccord Genuity reiterated a “buy” rating and set a GBX 620 ($8.10) price target on shares of Barratt Developments in a research report on Wednesday, July 10th. Goldman Sachs Group cut Barratt Developments to a “sell” rating in a research report on Thursday, June 13th. UBS Group reiterated a “buy” rating on shares of Barratt Developments in a research report on Friday, July 12th. Finally, Liberum Capital reiterated a “hold” rating on shares of Barratt Developments in a research report on Wednesday, July 10th. 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 661.82 ($8.65).
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 capitalization of $6.59 billion and a PE ratio of 9.06. The firm’s 50-day simple moving average is GBX 632.08 and its two-hundred day simple moving average is GBX 599.43.
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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