Barratt Developments Plc (BDEV) Earns Hold Rating from Numis Securities Ltd
Barratt Developments Plc (LON:BDEV)‘s stock had its “hold” rating reaffirmed by research analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 638 ($8.24) target price on the real estate development company’s stock. Numis Securities Ltd’s price target would indicate a potential upside of 6.51% from the company’s previous close.
Several other research firms have also recently issued reports on BDEV. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 717 ($9.26) price objective on shares of Barratt Developments Plc in a research report on Monday, September 4th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 537 ($6.94) price objective on shares of Barratt Developments Plc in a research report on Wednesday. Peel Hunt reaffirmed a “hold” rating and issued a GBX 635 ($8.20) price objective on shares of Barratt Developments Plc in a research report on Wednesday. Beaufort Securities reaffirmed a “buy” rating on shares of Barratt Developments Plc in a research report on Thursday, May 11th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Barratt Developments Plc in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 645.92 ($8.34).
Shares of Barratt Developments Plc (LON:BDEV) traded down 1.56% during mid-day trading on Thursday, reaching GBX 599.00. The company had a trading volume of 2,938,386 shares. The company’s market capitalization is GBX 6.02 billion. The company has a 50 day moving average price of GBX 609.89 and a 200 day moving average price of GBX 579.93. Barratt Developments Plc has a one year low of GBX 430.40 and a one year high of GBX 630.78.
Barratt Developments Plc (LON:BDEV) last released its quarterly earnings data on Wednesday, September 6th. The real estate development company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Barratt Developments Plc had a return on equity of 12.94% and a net margin of 14.29%. On average, analysts anticipate that Barratt Developments Plc will post $63.44 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Barratt Developments Plc (BDEV) Earns Hold Rating from Numis Securities Ltd” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/10/barratt-developments-plc-bdev-earns-hold-rating-from-numis-securities-ltd.html.
About Barratt Developments Plc
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.
Receive News & Ratings for Barratt Developments Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barratt Developments Plc and related companies with MarketBeat.com's FREE daily email newsletter.