Barratt Developments Plc (LON:BDEV) Earns “Sell” Rating from Shore Capital
Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reaffirmed by equities researchers at Shore Capital in a research note issued on Wednesday, July 12th.
A number of other brokerages have also recently issued reports on BDEV. Liberum Capital boosted their target price on shares of Barratt Developments Plc from GBX 492 ($6.41) to GBX 532 ($6.93) and gave the company a “sell” rating in a report on Wednesday, May 10th. UBS AG boosted their target price on shares of Barratt Developments Plc from GBX 560 ($7.29) to GBX 625 ($8.14) and gave the company a “neutral” rating in a report on Thursday, May 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Barratt Developments Plc in a report on Thursday, May 11th. Numis Securities Ltd cut shares of Barratt Developments Plc to a “hold” rating and set a GBX 656 ($8.54) target price on the stock. in a report on Thursday, May 11th. Finally, Beaufort Securities reissued a “buy” rating on shares of Barratt Developments Plc in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 643.54 ($8.38).
Shares of Barratt Developments Plc (LON:BDEV) traded up 0.33% during midday trading on Wednesday, reaching GBX 600.50. The company had a trading volume of 3,589,243 shares. The firm’s market capitalization is GBX 6.04 billion. The company has a 50 day moving average price of GBX 590.05 and a 200-day moving average price of GBX 562.53. Barratt Developments Plc has a one year low of GBX 422.60 and a one year high of GBX 624.50.
Barratt Developments Plc Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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