Barratt Developments Rating Reiterated by Deutsche Bank (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 365 ($5.71) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 15.87% from the stock’s previous close.
Barratt Developments (LON:BDEV) traded up 5.05% during mid-day trading on Friday, hitting GBX 330.90. 7,198,653 shares of the company’s stock traded hands. Barratt Developments has a 1-year low of GBX 163.60 and a 1-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 £3.223 billion.
BDEV has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Thursday.
Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently 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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