Barratt Developments (OTCMKTS:BTDPY) had its price objective cut by Deutsche Bank Aktiengesellschaft from 861.00 to 832.00 in a research report report published on Friday morning, The Fly reports.
BTDPY has been the topic of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Barratt Developments from 860.00 to 850.00 and set a neutral rating on the stock in a report on Friday, December 10th. Investec initiated coverage on shares of Barratt Developments in a research note on Friday, December 3rd. They set a buy rating on the stock. Zacks Investment Research raised shares of Barratt Developments from a sell rating to a hold rating in a research note on Tuesday, November 30th. Barclays reissued an equal weight rating on shares of Barratt Developments in a research report on Monday, December 6th. Finally, Peel Hunt raised shares of Barratt Developments to a buy rating in a research report on Wednesday, October 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Barratt Developments presently has an average rating of Buy and a consensus target price of $568.00.
BTDPY opened at $18.69 on Friday. Barratt Developments has a twelve month low of $17.13 and a twelve month high of $23.86. The firm’s 50-day moving average price is $19.10 and its 200 day moving average price is $19.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.61 and a current ratio of 5.61.
Barratt Developments Plc engages in the business of developing residential and non-residential properties mainly in the United Kingdom. It operates through the Housebuilding and Commercial Developments segments. The company was founded by Lawrence Arthur Barratt in 1958 and is headquartered in Coalville, the United Kingdom.
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