Brokerages Set Barratt Developments Plc (BDEV) Price Target at $666.36
Barratt Developments Plc (LON:BDEV) has been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 666.36 ($9.04).
Several equities analysts recently issued reports on the company. Liberum Capital reiterated a “sell” rating and issued a GBX 575 ($7.80) price objective on shares of Barratt Developments in a research report on Thursday, January 11th. Shore Capital reiterated a “sell” rating on shares of Barratt Developments in a research report on Thursday, January 11th. Peel Hunt lowered Barratt Developments to a “hold” rating and set a GBX 670 ($9.09) price objective for the company. in a research report on Thursday, January 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 650 ($8.81) price objective on shares of Barratt Developments in a research report on Monday, January 8th. Finally, Deutsche Bank reiterated a “buy” rating and issued a GBX 785 ($10.65) price objective on shares of Barratt Developments in a research report on Monday, December 18th.
Shares of Barratt Developments (LON:BDEV) traded down GBX 11.80 ($0.16) on Friday, hitting GBX 603.40 ($8.18). The company had a trading volume of 3,698,087 shares, compared to its average volume of 3,240,000. 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 firm has a market cap of $6,110.00 and a price-to-earnings ratio of 989.18.
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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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