Barratt Developments Given New GBX 471.20 Price Target at Barclays (BDEV)
Barclays hoisted their price target on shares of Barratt Developments (LON:BDEV) from GBX 444.70 ($7.31) to GBX 471.20 ($7.74) in a research note issued on Tuesday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would indicate a potential upside of 24.95% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments in a research note to investors on Friday. They now have a GBX 394 ($6.47) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Barratt Developments from GBX 474 ($7.79) to GBX 466 ($7.66) in a research note to investors on Friday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 397.68 ($6.54).
Barratt Developments (LON:BDEV) traded up 0.27% during mid-day trading on Tuesday, hitting GBX 377.10. The stock had a trading volume of 2,421,218 shares. Barratt Developments has a 52 week low of GBX 219.40 and a 52 week high of GBX 398.00. The stock has a 50-day moving average of GBX 363. and a 200-day moving average of GBX 336.2. The company’s market cap is £3.679 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.