Barratt Developments Given Neutral Rating at JPMorgan Chase & Co. (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 360 ($5.63) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 13.53% from the stock’s previous close.
Shares of Barratt Developments (LON:BDEV) traded down 0.66% during mid-day trading on Thursday, hitting GBX 315.00. The stock had a trading volume of 5,178,071 shares. The stock has a 50-day moving average of GBX 324.1 and a 200-day moving average of GBX 305.1. The company’s market cap is £3.068 billion.
A number of other analysts have also recently weighed in on BDEV. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Wednesday. They now have a GBX 435 ($6.80) price target on the stock. Finally, analysts at Panmure Gordon upgraded shares of Barratt Developments (LON:BDEV) to a “hold” rating in a research note to investors on Monday. They now have a GBX 320 ($5.00) price target on the stock, up previously from GBX 300 ($4.69).
Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 347.76 ($5.44).
Barratt Developments PLC is a holding company. The Company’s principal activities consists of acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds.
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