Share on StockTwits

Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Friday. They currently have a GBX 460 ($7.83) price objective on the stock. Citigroup Inc.’s price target would suggest a potential upside of 22.83% from the company’s current price.

Shares of Barratt Developments Plc (LON:BDEV) traded up 3.20% on Friday, hitting GBX 374.50. 6,706,155 shares of the company’s stock traded hands. Barratt Developments Plc has a 1-year low of GBX 293.00 and a 1-year high of GBX 455.40. The stock’s 50-day moving average is GBX 360. and its 200-day moving average is GBX 379.9. The company’s market cap is £3.671 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Tuesday. They now have a GBX 453 ($7.71) 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 Thursday, June 19th. They now have a GBX 468 ($7.96) price target on the stock. Finally, 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. 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 an average target price of GBX 459.63 ($7.82).

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.