Barratt Developments Plc Rating Reiterated by Deutsche Bank (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 ($7.72) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 18.80% from the company’s current price.
Barratt Developments Plc (LON:BDEV) traded up 0.11% during mid-day trading on Wednesday, hitting GBX 381.30. 3,214,529 shares of the company’s stock traded hands. Barratt Developments Plc has a 52 week low of GBX 293.00 and a 52 week high of GBX 455.40. The stock’s 50-day moving average is GBX 360.7 and its 200-day moving average is GBX 381.4. The company’s market cap is £3.738 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, June 27th. They now have a GBX 460 ($7.84) 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 ($7.97) 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 ($7.41) 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 company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 459.63 ($7.83).
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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