Barratt Developments’s “Buy” Rating Reaffirmed at Deutsche Bank (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 365 ($5.85) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 15.47% from the stock’s previous close.
Barratt Developments (LON:BDEV) traded down 3.10% during mid-day trading on Monday, hitting GBX 316.10. The stock had a trading volume of 3,531,760 shares. Barratt Developments has a 1-year low of GBX 166.10 and a 1-year high of GBX 359.80. The stock’s 50-day moving average is GBX 322.7 and its 200-day moving average is GBX 308.. The company’s market cap is £3.084 billion.
A number of other firms have also recently commented on BDEV. Analysts at Numis Securities Ltd raised their price target on shares of Barratt Developments (LON:BDEV) from GBX 320 ($5.13) to GBX 330 ($5.29) in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Barratt Developments (LON:BDEV) in a research note to investors on Friday, September 13th. They now have a GBX 451 ($7.22) price target on the stock. Finally, analysts at Liberum Capital upgraded shares of Barratt Developments (LON:BDEV) to a “buy” rating in a research note to investors on Friday, September 13th. They now have a GBX 374 ($5.99) price target on the stock, up previously from GBX 358 ($5.73).
Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 360.30 ($5.77).
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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