Barratt Developments Stock Rating Reaffirmed by Deutsche Bank (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Friday, StockRatingsNetwork.com reports. They currently have a GBX 394 ($6.49) target price on the stock. Deutsche Bank’s target price points to a potential upside of 4.07% from the company’s current price.
Barratt Developments (LON:BDEV) opened at 378.60 on Friday. Barratt Developments has a 1-year low of GBX 215.80 and a 1-year high of GBX 398.00. The stock’s 50-day moving average is GBX 361.3 and its 200-day moving average is GBX 335.9. The company’s market cap is £3.694 billion.
A number of other analysts have also recently weighed in on BDEV. Analysts at Jefferies Group cut their price target on shares of Barratt Developments from GBX 474 ($7.81) to GBX 466 ($7.68) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barratt Developments in a research note to investors on Wednesday, January 15th. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments in a research note to investors on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 395.47 ($6.52).
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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