Barratt Developments Given New GBX 352 Price Target at Panmure Gordon (BDEV)
Equities researchers at Panmure Gordon raised their price objective on shares of Barratt Developments (LON:BDEV) from GBX 340 ($5.49) to GBX 352 ($5.68) in a research report issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price objective would indicate a potential upside of 13.26% from the stock’s previous close.
Barratt Developments (LON:BDEV) traded up 0.19% on Friday, hitting GBX 311.40. The stock had a trading volume of 2,935,833 shares. Barratt Developments has a 52 week low of GBX 174.00 and a 52 week high of GBX 359.80. The stock has a 50-day moving average of GBX 322.7 and a 200-day moving average of GBX 308.. The company’s market cap is £3.038 billion.
A number of other firms have also recently commented on BDEV. 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 ($5.89) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Barratt Developments (LON:BDEV) from a “neutral” rating to an “overweight” rating in a research note to investors on Monday. They now have a GBX 360 ($5.81) price target on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 362.76 ($5.85).
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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