Barratt Developments Price Target Raised to GBX 330 at Citigroup Inc. (BDEV)
Investment analysts at Citigroup Inc. raised their price objective on shares of Barratt Developments (LON:BDEV) from GBX 315 ($4.92) to GBX 330 ($5.16) in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 4.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Thursday. They now have a GBX 360 ($5.63) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Thursday. Finally, 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.
Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 347.76 ($5.44).
Barratt Developments (LON:BDEV) traded down 0.66% 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.
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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