Barratt Developments Plc (BDEV) Rating Reiterated by Liberum Capital
Barratt Developments Plc (LON:BDEV)‘s stock had its “sell” rating reiterated by Liberum Capital in a research report issued to clients and investors on Wednesday. They currently have a GBX 537 ($6.94) price target on the real estate development company’s stock. Liberum Capital’s price objective points to a potential downside of 10.35% from the company’s previous close.
Several other brokerages have also commented on BDEV. Deutsche Bank AG reiterated a “buy” rating on shares of Barratt Developments Plc in a research report on Monday, August 14th. Beaufort Securities reduced their price target on Barratt Developments Plc from GBX 690 ($8.91) to GBX 650 ($8.39) and set a “buy” rating on the stock in a research report on Thursday, July 13th. HSBC Holdings plc raised their price target on Barratt Developments Plc from GBX 598 ($7.72) to GBX 666 ($8.60) and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Shore Capital restated a “hold” rating on shares of Barratt Developments Plc in a research report on Wednesday, May 10th. Finally, Numis Securities Ltd lowered Barratt Developments Plc to a “hold” rating and set a GBX 656 ($8.47) price target on the stock. in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Barratt Developments Plc currently has a consensus rating of “Hold” and an average price target of GBX 645.92 ($8.34).
Barratt Developments Plc (LON:BDEV) traded down 1.56% during mid-day trading on Wednesday, hitting GBX 599.00. The stock had a trading volume of 2,938,386 shares. The firm’s market cap is GBX 6.02 billion. Barratt Developments Plc has a 52 week low of GBX 430.40 and a 52 week high of GBX 629.50. The company’s 50 day moving average price is GBX 609.89 and its 200 day moving average price is GBX 579.93.
Barratt Developments Plc (LON:BDEV) last announced its quarterly earnings data on Wednesday, September 6th. The real estate development company reported $0.61 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%. Analysts anticipate that Barratt Developments Plc will post $63.44 earnings per share for the current year.
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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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