Barratt Developments (LON:BDEV) Shares Down 1.2%

Barratt Developments plc (LON:BDEV - Get Free Report)'s stock price traded down 1.2% during trading on Wednesday . The stock traded as low as GBX 509.40 ($6.72) and last traded at GBX 509.40 ($6.72). 4,949,715 shares traded hands during trading, a decline of 20% from the average session volume of 6,204,253 shares. The stock had previously closed at GBX 515.60 ($6.80).Get Barratt Developments alerts:Wall Street Analysts Forecast GrowthSeveral brokerages have recently weighed in on BDEV. Royal Bank of Canada raised their price objective on Barratt Developments from GBX 550 ($7.25) to GBX 575 ($7.58) and gave the company a "sector perform" rating in a report on Friday, August 23rd. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 560 ($7.38) price objective on shares of Barratt Developments in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 540.40 ($7.13).View Our Latest Research Report on BDEVBarratt Developments Stock Down 1.2 %The stock has a fifty day moving average price of GBX 508.54 and a two-hundred day moving average price of GBX 489.78. The company has a market cap of £4.96 billion, a price-to-earnings ratio of 2,243.48, a P/E/G ratio of 9.48 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52. Insider Buying and SellingIn other news, insider Steven J. Boyes sold 118 shares of Barratt Developments stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of GBX 483 ($6.37), for a total value of £569.94 ($751.60). 2.44% of the stock is owned by insiders. About Barratt Developments (Get Free Report)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.Featured ArticlesFive stocks we like better than Barratt Developments3 Natural Gas Stocks That Offer Great Dividend YieldsBHP Stock: The Under-the-Radar Growth Story in Commodities2 Fintech Stocks to Buy Now and 1 to AvoidAnalysts Upgrade These 3 Hot Buy-and-Hold StocksHigh Dividend REITs: Are They an Ideal Way to Diversify?Kohl’s Charts a Resilient Path in a Challenging Retail LandscapeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Wall Street Legend Issues September Stock Warning (From Chaikin Analytics) (Ad)Should you invest $1,000 in Barratt Developments right now?Before you consider Barratt Developments, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barratt Developments wasn't on the list.While Barratt Developments currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here