Barratt Developments Plc Given “Buy” Rating at Deutsche Bank (BDEV)
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.
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