Barratt Developments Plc’s “Buy” Rating Reaffirmed at Deutsche Bank (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, ARN reports. They currently have a GBX 394 ($6.60) price objective on the stock. Deutsche Bank’s price target points to a potential downside of 8.82% from the company’s current price.
A number of other firms have also recently commented on BDEV. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Barratt Developments Plc in a research note on Tuesday. They now have a GBX 451 ($7.56) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Monday, February 10th. They now have a GBX 390 ($6.54) price target on the stock. Finally, analysts at Barclays raised their price target on shares of Barratt Developments Plc from GBX 444.70 ($7.45) to GBX 471.20 ($7.90) in a research note on Tuesday, February 4th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 400.43 ($6.71).
Barratt Developments Plc (LON:BDEV) opened at 432.10 on Friday. Barratt Developments Plc has a 52-week low of GBX 230.20 and a 52-week high of GBX 430.30. The stock’s 50-day moving average is GBX 388.9 and its 200-day moving average is GBX 342.8. The company’s market cap is £4.216 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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