Barratt Developments Plc Receives Average Rating of “Buy” from Analysts (LON:BDEV)
Shares of Barratt Developments Plc (LON:BDEV) have been given an average rating of “Buy” by the fifteen ratings firms that are currently covering the company, American Banking & Market News reports. Six investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 452.33 ($7.59).
BDEV has been the subject of a number of recent research reports. 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 (LON:BDEV) opened at 353.90 on Wednesday. Barratt Developments Plc has a 1-year low of GBX 296.65 and a 1-year high of GBX 2969.3899. The stock has a 50-day moving average of GBX 360.4 and a 200-day moving average of GBX 380.5. The company’s market cap is £3.469 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.
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.