Barratt Developments Plc Receives Buy Rating from Deutsche Bank (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a GBX 453 ($7.71) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 31.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday, June 19th. They now have a GBX 468 ($7.96) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Barratt Developments Plc in a research note on Monday, June 16th. They now have a GBX 435 ($7.40) price target on the stock. Finally, 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 ($8.36) 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. Barratt Developments Plc has an average rating of “Buy” and a consensus target price of GBX 459.63 ($7.82).
Barratt Developments Plc (LON:BDEV) traded down 1.57% on Tuesday, hitting GBX 345.30. The stock had a trading volume of 4,932,795 shares. Barratt Developments Plc has a 52-week low of GBX 293.00 and a 52-week high of GBX 455.40. The stock has a 50-day moving average of GBX 362.0 and a 200-day moving average of GBX 380.0. The company’s market cap is £3.385 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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