Barratt Developments Plc (BDEV) Receives Hold Rating from Peel Hunt
Peel Hunt reaffirmed their hold rating on shares of Barratt Developments Plc (LON:BDEV) in a research note published on Wednesday. Peel Hunt currently has a GBX 635 ($8.20) target price on the real estate development company’s stock.
A number of other equities research analysts have also issued reports on the company. Liberum Capital reaffirmed a sell rating and set a GBX 537 ($6.94) target price on shares of Barratt Developments Plc in a research report on Wednesday. Deutsche Bank AG reaffirmed a buy rating and set a GBX 717 ($9.26) target price on shares of Barratt Developments Plc in a research report on Monday. Shore Capital reaffirmed a sell rating on shares of Barratt Developments Plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co boosted their target price on Barratt Developments Plc from GBX 540 ($6.97) to GBX 620 ($8.01) and gave the stock a neutral rating in a research report on Thursday, July 13th. Finally, Barclays PLC boosted their target price on Barratt Developments Plc from GBX 629 ($8.12) to GBX 712 ($9.20) and gave the stock an overweight rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 645.92 ($8.34).
Shares of Barratt Developments Plc (LON BDEV) opened at 608.00 on Wednesday. The company’s 50-day moving average price is GBX 609.81 and its 200-day moving average price is GBX 579.60. The stock’s market cap is GBX 6.11 billion. Barratt Developments Plc has a 52-week low of GBX 430.40 and a 52-week high of GBX 630.78.
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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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