Barratt Developments Rating Increased to Buy at Liberum Capital (BDEV)
Barratt Developments (LON:BDEV) was upgraded by analysts at Liberum Capital to a “buy” rating in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm currently has a GBX 374 ($5.85) target price on the stock, up from their previous target price of GBX 358 ($5.60). Liberum Capital’s price target indicates a potential upside of 18.73% from the stock’s previous close.
Barratt Developments (LON:BDEV) traded up 5.08% during mid-day trading on Friday, hitting GBX 331.00. 5,647,060 shares of the company’s stock traded hands. Barratt Developments has a one year low of GBX 163.60 and a one year high of GBX 359.80. The stock’s 50-day moving average is GBX 323.4 and its 200-day moving average is GBX 305.1. The company’s market cap is £3.224 billion.
BDEV has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Friday. They now have a GBX 365 ($5.71) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Barratt Developments (LON:BDEV) from GBX 315 ($4.92) to GBX 330 ($5.16) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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.
Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Barratt Developments currently has a consensus rating of “Buy” and an average target price of GBX 359.53 ($5.62).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.