Deutsche Bank Reiterates Buy Rating for Barratt Developments Plc (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 453 ($7.59) price target on the stock. Deutsche Bank’s price target indicates a potential upside of 25.28% from the company’s current price.
Barratt Developments Plc (LON:BDEV) traded up 1.23% on Wednesday, hitting GBX 361.60. The stock had a trading volume of 4,366,201 shares. Barratt Developments Plc has a 52-week low of GBX 280.56 and a 52-week high of GBX 455.40. The stock’s 50-day moving average is GBX 366.5 and its 200-day moving average is GBX 376.5. The company’s market cap is £3.545 billion.
A number of other firms have also recently commented on BDEV. Analysts at Jefferies Group reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, May 23rd. They now have a GBX 491 ($8.23) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, May 16th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments Plc in a research note on Friday, May 2nd. They now have a GBX 435 ($7.29) 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 stock. The company has an average rating of “Buy” and an average target price of GBX 458.93 ($7.69).
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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