Barratt Developments Plc Receives Buy Rating from Deutsche Bank (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 475 ($8.07) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 35.14% from the stock’s previous close.
Barratt Developments Plc (LON:BDEV) traded up 0.66% during mid-day trading on Friday, hitting GBX 351.50. The stock had a trading volume of 5,627,855 shares. Barratt Developments Plc has a one year low of GBX 293.00 and a one year high of GBX 2969.3899. The stock’s 50-day moving average is GBX 362.9 and its 200-day moving average is GBX 383.3. The company’s market cap is £3.446 billion.
A number of other firms have also recently commented on BDEV. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Barratt Developments Plc in a research note on Tuesday, July 22nd. They now have a GBX 458 ($7.78) price target on the stock. Separately, analysts at Liberum Capital downgraded shares of Barratt Developments Plc to a “hold” rating in a research note on Friday, July 18th. They now have a GBX 387 ($6.57) price target on the stock, down previously from GBX 468 ($7.95). Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Barratt Developments Plc in a research note on Friday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 452.33 ($7.68).
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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