Barratt Developments (LON:BDEV) Price Target Lowered to GBX 530 at JPMorgan Chase & Co.

Barratt Developments (LON:BDEVGet Rating) had its price target cut by investment analysts at JPMorgan Chase & Co. from GBX 610 ($7.37) to GBX 530 ($6.40) in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the real estate development company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 28.73% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Berenberg Bank downgraded Barratt Developments to a “hold” rating and decreased their price target for the stock from GBX 790 ($9.55) to GBX 459 ($5.55) in a report on Monday, September 12th. Liberum Capital reiterated a “buy” rating and issued a GBX 690 ($8.34) price objective on shares of Barratt Developments in a research report on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 835 ($10.09) price objective on shares of Barratt Developments in a research report on Thursday, September 8th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 427 ($5.16) price objective on shares of Barratt Developments in a research report on Friday, September 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Barratt Developments has an average rating of “Moderate Buy” and an average price target of GBX 640.14 ($7.73).

Barratt Developments Price Performance

BDEV stock opened at GBX 411.70 ($4.97) on Wednesday. The company has a current ratio of 4.04, a quick ratio of 0.94 and a debt-to-equity ratio of 4.52. The business has a 50 day simple moving average of GBX 456.55 and a 200-day simple moving average of GBX 485.47. Barratt Developments has a twelve month low of GBX 393.05 ($4.75) and a twelve month high of GBX 765.14 ($9.25). The company has a market capitalization of £4.21 billion and a P/E ratio of 823.40.

Insider Buying and Selling

In other Barratt Developments news, insider Mike Scott purchased 4,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of GBX 415 ($5.01) per share, with a total value of £18,675 ($22,565.25). In other Barratt Developments news, insider Mike Scott purchased 4,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of GBX 415 ($5.01) per share, with a total value of £18,675 ($22,565.25). Also, insider Katie Bickerstaffe purchased 1,200 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average cost of GBX 415 ($5.01) per share, for a total transaction of £4,980 ($6,017.40).

About Barratt Developments

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Barratt Developments plc engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities; and retail, leisure, office, industrial, and mixed-use properties. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands.

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