Barratt Developments Given “Buy” Rating at Citigroup Inc. (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Tuesday, American Banking and Market News reports. They currently have a GBX 390 ($6.40) price objective on the stock. Citigroup Inc.’s target price would indicate a potential upside of 2.93% from the stock’s previous close.
Barratt Developments (LON:BDEV) opened at 378.90 on Tuesday. Barratt Developments has a one year low of GBX 215.80 and a one year high of GBX 377.80. The stock’s 50-day moving average is GBX 342.1 and its 200-day moving average is GBX 329.. The company’s market cap is £3.697 billion.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Wednesday, December 18th. They now have a GBX 382 ($6.27) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Monday, December 16th. They now have a GBX 394 ($6.46) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Barratt Developments in a research note to investors on Tuesday, December 10th. They now have a GBX 444.70 ($7.29) price target on the stock. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Barratt Developments currently has an average rating of “Buy” and an average target price of GBX 383.33 ($6.29).
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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