Barratt Developments Plc Receives Buy Rating from Panmure Gordon (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by equities research analysts at Panmure Gordon in a research note issued to investors on Thursday. They currently have a GBX 365 ($6.26) price objective on the stock. Panmure Gordon’s price objective would indicate a potential downside of 0.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Barratt Developments Plc in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday. They now have a GBX 453 ($7.77) price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 457.25 ($7.84).
Shares of Barratt Developments Plc (LON:BDEV) traded up 0.44% on Thursday, hitting GBX 366.60. The stock had a trading volume of 8,243,139 shares. Barratt Developments Plc has a 52 week low of GBX 293.00 and a 52 week high of GBX 455.40. The stock has a 50-day moving average of GBX 362.8 and a 200-day moving average of GBX 382.6. The company’s market cap is £3.594 billion.
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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