Green Brick Partners (GRBK) Receives a Buy from JMP Securities


JMP Securities analyst Peter Martin maintained a Buy rating on Green Brick Partners (NASDAQ: GRBK) on October 12 and set a price target of $13. The company’s shares closed yesterday at $10.10.

According to TipRanks.com, Martin is a 1-star analyst with an average return of -1.3% and a 47.7% success rate. Martin covers the Consumer Goods sector, focusing on stocks such as Hovnanian Enterprises Inc, Taylor Morrison, and Lennar Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Green Brick Partners with a $11.33 average price target.

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Based on Green Brick Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $14.87 million. In comparison, last year the company had a net profit of $9.28 million.

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Green Brick Partners, Inc. engages in residential land development and homebuilding. It operates through theBuilder Operations and Land Development segments. The Builder Operations segment consists of the following operating segments: Texas, Georgia, and Corporate and Other.

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