TipRanksStock Market NewsKBH NewsBarclays Sticks to Its Buy Rating for KB Home (KBH)

Barclays Sticks to Its Buy Rating for KB Home (KBH)

In a report issued on June 23, Matthew Bouley from Barclays maintained a Buy rating on KB Home (KBHResearch Report), with a price target of $43.00. The company’s shares closed last Friday at $29.20.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 16.3% and a 56.6% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Hillman Solutions.

KB Home has an analyst consensus of Moderate Buy, with a price target consensus of $37.00, implying a 29.4% upside from current levels. In a report issued on June 16, UBS also maintained a Buy rating on the stock with a $45.00 price target.

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KB Home’s market cap is currently $2.59B and has a P/E ratio of 4.00.

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KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes and condominiums. It operates through the following segments: West Coast, Southwest, Central and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.

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