Deutsche Bank Reiterates Hold Rating for Barratt Developments (BDEV)
Barratt Developments (LON:BDEV)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 2,587 ($42.44) price target on the stock.
Barratt Developments (LON:BDEV) traded up 0.12% on Monday, hitting GBX 403.30. The stock had a trading volume of 2,810,883 shares. Barratt Developments has a 52-week low of GBX 220.50 and a 52-week high of GBX 398.00. The stock’s 50-day moving average is GBX 371.1 and its 200-day moving average is GBX 337.7. The company’s market cap is £3.935 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Barratt Developments from GBX 444.70 ($7.30) to GBX 471.20 ($7.73) in a research note to investors on Tuesday, February 4th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Barratt Developments from GBX 474 ($7.78) to GBX 466 ($7.65) in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Barratt Developments in a research note to investors on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Barratt Developments presently has an average rating of “Buy” and a consensus price target of GBX 580.43 ($9.52).
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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