Barratt Developments (OTCMKTS:BTDPY) Price Target Cut to 832.00 by Analysts at Deutsche Bank Aktiengesellschaft

Barratt Developments (OTCMKTS:BTDPY) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from 861.00 to 832.00 in a research note issued to investors on Friday, The Fly reports.

BTDPY has been the topic of several other reports. Barclays reaffirmed an “equal weight” rating on shares of Barratt Developments in a research report on Monday, December 6th. Investec started coverage on shares of Barratt Developments in a research note on Friday, December 3rd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Barratt Developments from 860.00 to 850.00 and set a “neutral” rating on the stock in a research note on Friday, December 10th. Peel Hunt upgraded shares of Barratt Developments to a “buy” rating in a research note on Wednesday, October 13th. Finally, Berenberg Bank upgraded shares of Barratt Developments from a “hold” rating to a “buy” rating in a research note on Tuesday, November 23rd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $568.00.

Shares of BTDPY stock traded down $0.17 during trading on Friday, reaching $18.69. The company’s stock had a trading volume of 11,901 shares, compared to its average volume of 13,986. The business has a fifty day moving average price of $19.08 and a 200-day moving average price of $19.24. 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 has a one year low of $17.13 and a one year high of $23.86.

Barratt Developments Company Profile

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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Analyst Recommendations for Barratt Developments (OTCMKTS:BTDPY)

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