Citigroup Inc. Reiterates “Buy” Rating for Barratt Developments Plc (BDEV)
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.
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