Jefferies Group Reiterates “Buy” Rating for Barratt Developments Plc (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a GBX 491 ($8.26) target price on the stock. Jefferies Group’s target price would suggest a potential upside of 38.23% from the stock’s previous close.
A number of other firms have also recently commented on BDEV. Analysts at Liberum Capital reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, May 16th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, May 16th. They now have a GBX 453 ($7.62) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday, May 8th. They now have a GBX 453 ($7.62) price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 458.93 ($7.72).
Shares of Barratt Developments Plc (LON:BDEV) opened at 355.10 on Friday. Barratt Developments Plc has a 1-year low of GBX 280.56 and a 1-year high of GBX 455.40. The stock’s 50-day moving average is GBX 374.6 and its 200-day moving average is GBX 374.2. The company’s market cap is £3.481 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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