Barratt Developments Plc Receives Buy Rating from Numis Securities Ltd (BDEV)
Barratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 501 ($8.31) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 38.09% from the stock’s previous close.
Shares of Barratt Developments Plc (LON:BDEV) opened at 363.30 on Thursday. Barratt Developments Plc has a one year low of GBX 296.70 and a one year high of GBX 455.40. The stock has a 50-day moving average of GBX 358. and a 200-day moving average of GBX 378.3. The company’s market cap is £3.562 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Barratt Developments Plc in a research note on Friday, August 22nd. Separately, 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 ($6.42) price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Barratt Developments Plc currently has an average rating of “Buy” and a consensus price target of GBX 453.09 ($7.52).
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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