Shore Capital Reaffirms “Sell” Rating for Barratt Developments (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “sell” rating restated by analysts at Shore Capital in a note issued to investors on Thursday.
Several other brokerages have also weighed in on BDEV. Deutsche Bank restated a “buy” rating on shares of Barratt Developments in a research note on Thursday, November 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 650 ($8.81) price target on shares of Barratt Developments in a research note on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and issued a GBX 702 ($9.52) price target on shares of Barratt Developments in a research note on Thursday, October 26th. Liberum Capital restated a “sell” rating and issued a GBX 537 ($7.28) price target on shares of Barratt Developments in a research note on Tuesday, November 21st. Finally, Barclays cut their price target on Barratt Developments from GBX 712 ($9.66) to GBX 710 ($9.63) and set an “overweight” rating for the company in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 666.36 ($9.04).
Shares of Barratt Developments (LON:BDEV) traded up GBX 4.20 ($0.06) during trading on Thursday, hitting GBX 621.20 ($8.42). The company had a trading volume of 4,856,410 shares, compared to its average volume of 3,330,000. Barratt Developments has a 1 year low of GBX 6.26 ($0.08) and a 1 year high of GBX 705.50 ($9.57). The stock has a market cap of $6,290.00 and a price-to-earnings ratio of 1,018.36.
WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2018/01/13/shore-capital-reaffirms-sell-rating-for-barratt-developments-bdev.html.
Barratt Developments 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.
Receive News & Stock Ratings for Barratt Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments and related stocks with our FREE daily email newsletter.