Barratt Developments Plc (LON:BDEV) Given “Sell” Rating at Shore Capital
Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reiterated by equities researchers at Shore Capital in a research report issued to clients and investors on Tuesday.
A number of other research firms also recently weighed in on BDEV. Jefferies Group LLC increased their price objective on Barratt Developments Plc from GBX 603 ($7.87) to GBX 706 ($9.22) and gave the company a “buy” rating in a report on Tuesday, April 18th. Morgan Stanley started coverage on shares of Barratt Developments Plc in a research report on Tuesday, March 21st. They set an “overweight” rating and a GBX 615 ($8.03) price objective on the stock. J P Morgan Chase & Co increased their price objective on shares of Barratt Developments Plc from GBX 495 ($6.46) to GBX 540 ($7.05) and gave the stock a “neutral” rating in a research report on Thursday, April 6th. HSBC Holdings plc increased their price objective on shares of Barratt Developments Plc from GBX 598 ($7.81) to GBX 666 ($8.70) and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 678 ($8.85) price target on shares of Barratt Developments Plc in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 643.15 ($8.40).
Shares of Barratt Developments Plc (LON BDEV) traded up 1.45% during trading on Tuesday, reaching GBX 594.00. 1,723,150 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 588.97 and a 200 day moving average price of GBX 539.06. Barratt Developments Plc has a 1-year low of GBX 401.80 and a 1-year high of GBX 624.50. The stock’s market capitalization is GBX 5.97 billion.
Barratt Developments Plc Company Profile
Barratt Developments PLC is a holding company. The Company is principally engaged in acquiring and developing land, planning, designing and constructing residential property developments and selling the homes, which it builds throughout Britain. The Company operates in two segments: Housebuilding and Commercial developments.
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