Barratt Developments Plc (LON:BDEV) Given Consensus Rating of “Hold” by Brokerages
Shares of Barratt Developments Plc (LON:BDEV) have been assigned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 638.58 ($8.32).
Several research firms have commented on BDEV. Liberum Capital increased their target price on shares of Barratt Developments Plc from GBX 532 ($6.93) to GBX 537 ($7.00) and gave the stock a “sell” rating in a research report on Wednesday, July 19th. Shore Capital reissued a “sell” rating on shares of Barratt Developments Plc in a research report on Tuesday, July 18th. Deutsche Bank AG reissued a “buy” rating on shares of Barratt Developments Plc in a research report on Monday, July 17th. J P Morgan Chase & Co increased their target price on shares of Barratt Developments Plc from GBX 540 ($7.03) to GBX 620 ($8.08) and gave the stock a “neutral” rating in a research report on Thursday, July 13th. Finally, Barclays PLC increased their target price on shares of Barratt Developments Plc from GBX 629 ($8.19) to GBX 712 ($9.28) and gave the stock an “overweight” rating in a research report on Thursday, July 13th.
Shares of Barratt Developments Plc (BDEV) traded up 0.16% during midday trading on Friday, hitting GBX 613.00. The stock had a trading volume of 3,066,782 shares. Barratt Developments Plc has a 12-month low of GBX 410.23 and a 12-month high of GBX 624.50. The firm’s market cap is GBX 6.16 billion. The company’s 50-day moving average price is GBX 584.40 and its 200-day moving average price is GBX 557.24.
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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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