Barratt Developments Plc’s (BDEV) “Buy” Rating Reaffirmed at Deutsche Bank AG
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a research note issued on Monday. They presently have a GBX 717 ($9.27) price target on the real estate development company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 14.26% from the stock’s current price.
A number of other equities research analysts also recently weighed in on BDEV. Shore Capital restated a “hold” rating on shares of Barratt Developments Plc in a research report on Wednesday, May 10th. Peel Hunt restated a “hold” rating and set a GBX 610 ($7.89) price target on shares of Barratt Developments Plc in a research report on Wednesday, May 10th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 555 ($7.18) price objective on shares of Barratt Developments Plc in a research note on Wednesday, May 10th. Liberum Capital raised their price objective on Barratt Developments Plc from GBX 492 ($6.36) to GBX 532 ($6.88) and gave the company a “sell” rating in a research note on Wednesday, May 10th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Barratt Developments Plc presently has an average rating of “Hold” and an average price target of GBX 644.62 ($8.34).
Shares of Barratt Developments Plc (LON BDEV) opened at 627.50 on Monday. Barratt Developments Plc has a 12 month low of GBX 430.40 and a 12 month high of GBX 629.50. The firm has a 50-day moving average price of GBX 608.04 and a 200-day moving average price of GBX 576.78. The company’s market capitalization is GBX 6.31 billion.
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About Barratt Developments Plc
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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