Barratt Developments Plc Rating Reiterated by Liberum Capital (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 468 ($7.94) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 35.50% from the company’s current price.
Shares of Barratt Developments Plc (LON:BDEV) opened at 355.20 on Thursday. 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 363.3 and its 200-day moving average is GBX 379.. The company’s market cap is £3.482 billion.
A number of other firms have also recently commented on BDEV. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments Plc in a research note on Monday. They now have a GBX 435 ($7.38) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, June 13th. They now have a GBX 453 ($7.69) 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, June 5th. They now have a GBX 453 ($7.69) price target on the stock. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 459.63 ($7.80).
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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