Barratt Developments Plc (BDEV) Stock Rating Reaffirmed by Liberum Capital
Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reiterated by equities research analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 537 ($6.94) price target on the real estate development company’s stock. Liberum Capital’s price objective suggests a potential downside of 11.75% from the company’s previous close.
BDEV has been the subject of several other reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 717 ($9.26) price objective on shares of Barratt Developments Plc in a research report on Tuesday, August 29th. HSBC Holdings plc boosted their price objective on Barratt Developments Plc from GBX 598 ($7.72) to GBX 666 ($8.60) and gave the company a “buy” rating in a research report on Tuesday, May 16th. J P Morgan Chase & Co boosted their price objective on Barratt Developments Plc from GBX 540 ($6.97) to GBX 620 ($8.01) and gave the company a “neutral” rating in a research report on Thursday, July 13th. Jefferies Group LLC boosted their price objective on Barratt Developments Plc from GBX 706 ($9.12) to GBX 735 ($9.49) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 675 ($8.72) price objective on shares of Barratt Developments Plc in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 645.92 ($8.34).
Shares of Barratt Developments Plc (LON:BDEV) opened at 600.50 on Wednesday. The stock’s market capitalization is GBX 6.04 billion. Barratt Developments Plc has a 52-week low of GBX 430.40 and a 52-week high of GBX 630.78. The stock has a 50 day moving average of GBX 610.18 and a 200-day moving average of GBX 579.80.
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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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