Barratt Developments Plc Receives Average Rating of “Buy” from Analysts (LON:BDEV)
Shares of Barratt Developments Plc (LON:BDEV) have been given a consensus rating of “Buy” by the fifteen ratings firms that are currently covering the company, AnalystRatings.Net reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 452.33 ($7.59).
Barratt Developments Plc (LON:BDEV) traded up 2.67% on Wednesday, hitting GBX 350.30. The stock had a trading volume of 4,564,806 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 360.0 and a 200-day moving average of GBX 381.0. The company’s market cap is £3.434 billion.
Several analysts have recently commented on the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Barratt Developments Plc in a research note on Friday, August 8th. They now have a GBX 387 ($6.49) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, August 1st. They now have a GBX 475 ($7.97) price target on the stock. Finally, 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 ($7.68) price target on the stock.
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.