Barratt Developments Price Target Increased to GBX 387 by Analysts at Liberum Capital (BDEV)
Equities research analysts at Liberum Capital boosted their price target on shares of Barratt Developments (LON:BDEV) from GBX 374 ($6.05) to GBX 387 ($6.26) in a research note issued to investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target indicates a potential upside of 13.66% from the stock’s previous close.
A number of other analysts have also recently weighed in on BDEV. Analysts at Deutsche Bank raised their price target on shares of Barratt Developments from GBX 391 ($6.33) to GBX 394 ($6.37) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Friday, October 18th. They now have a GBX 435 ($7.04) price target on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Barratt Developments has an average rating of “Buy” and a consensus target price of GBX 368.69 ($5.96).
Barratt Developments (LON:BDEV) traded up 1.89% on Tuesday, hitting GBX 340.50. The stock had a trading volume of 2,191,487 shares. Barratt Developments has a 52-week low of GBX 181.30 and a 52-week high of GBX 359.80. The stock’s 50-day moving average is GBX 320.7 and its 200-day moving average is GBX 318.4. The company’s market cap is £3.322 billion.
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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