Share on StockTwits

Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a GBX 453 ($7.77) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 23.57% from the company’s current price.

Barratt Developments Plc (LON:BDEV) traded up 0.44% during mid-day trading on Thursday, hitting GBX 366.60. 8,243,139 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 362.8 and its 200-day moving average is GBX 382.6. The company’s market cap is £3.594 billion.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday, July 3rd. They now have a GBX 491 ($8.42) price target on the stock. Separately, 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 ($7.89) price target on the stock. Finally, 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 ($8.03) price target on the stock. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 457.25 ($7.84).

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.