Barratt Developments Rating Reiterated by Deutsche Bank (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Monday, Analyst Ratings News reports. They currently have a GBX 391 ($6.24) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 16.13% from the stock’s previous close.
Barratt Developments (LON:BDEV) traded up 1.48% on Monday, hitting GBX 336.70. The stock had a trading volume of 2,915,135 shares. Barratt Developments has a 52-week low of GBX 176.70 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 £3.285 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. upgraded shares of Barratt Developments from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a GBX 400 ($6.39) price target on the stock, up previously from GBX 365 ($5.83). Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Barratt Developments to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a GBX 371 ($5.92) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Friday, October 4th. They now have a GBX 435 ($6.94) price target on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 367.45 ($5.87).
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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