Barratt Developments (BDEV) Given New GBX 785 Price Target at Deutsche Bank
Barratt Developments (LON:BDEV) had its price objective raised by analysts at Deutsche Bank from GBX 768 ($10.29) to GBX 785 ($10.51) in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the real estate development company’s stock. Deutsche Bank’s price objective would indicate a potential upside of 29.32% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Liberum Capital reaffirmed a “sell” rating and issued a GBX 537 ($7.19) price objective on shares of Barratt Developments in a report on Wednesday, September 6th. Numis Securities reaffirmed a “hold” rating and issued a GBX 638 ($8.54) price objective on shares of Barratt Developments in a report on Thursday, September 7th. Peel Hunt raised shares of Barratt Developments to an “add” rating and set a GBX 670 ($8.97) price objective for the company in a report on Wednesday, September 27th. Shore Capital reaffirmed a “sell” rating on shares of Barratt Developments in a report on Wednesday, November 15th. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of Barratt Developments in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Barratt Developments currently has a consensus rating of “Hold” and an average price target of GBX 661.50 ($8.86).
Barratt Developments (BDEV) opened at GBX 607 ($8.13) on Thursday. Barratt Developments has a fifty-two week low of GBX 6.26 ($0.08) and a fifty-two week high of GBX 705.50 ($9.45).
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About Barratt Developments
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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