Liberum Capital Downgrades Barratt Developments Plc to Hold (BDEV)
Barratt Developments Plc (LON:BDEV) was downgraded by equities researchers at Liberum Capital to a “hold” rating in a research report issued on Friday. They currently have a GBX 387 ($6.63) target price on the stock, down from their previous target price of GBX 468 ($8.01). Liberum Capital’s target price suggests a potential upside of 6.44% from the company’s current price.
BDEV has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments Plc in a research note on Friday, July 11th. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Thursday, July 10th. They now have a GBX 365 ($6.25) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Barratt Developments Plc in a research note on Thursday, July 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 450.50 ($7.71).
Shares of Barratt Developments Plc (LON:BDEV) remained flat at GBX 363.60 during during mid-day trading trading on Friday. The stock had a trading volume of 5,520,727 shares. Barratt Developments Plc has a one year low of GBX 293.00 and a one year high of GBX 455.40. The stock has a 50-day moving average of GBX 363. and a 200-day moving average of GBX 383.4. The company’s market cap is £3.564 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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