Barratt Developments Rating Reiterated by Credit Suisse (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Friday, Analyst Ratings Network reports. They currently have a GBX 451 ($7.05) price objective on the stock. Credit Suisse’s price objective suggests a potential upside of 43.17% from the stock’s previous close.
Barratt Developments (LON:BDEV) opened at 329.00 on Friday. Barratt Developments has a 52 week low of GBX 163.60 and a 52 week 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 £3.205 billion.
A number of other analysts have also recently weighed in on BDEV. Analysts at Liberum Capital upgraded shares of Barratt Developments (LON:BDEV) to a “buy” rating in a research note to investors on Friday. They now have a GBX 374 ($5.85) price target on the stock, up previously from GBX 358 ($5.60). Separately, 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. Finally, 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.
Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target 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.
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